CWP No.15004 of 2011 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Civil Writ Petition.No.15004 of 2011 Date of decision: 17.8.2011 M/s Punjab Urban Planning and Development Authority ...Petitioner Versus Commissioner of Income Tax II, Chandigarh and another ... Respondents CORAM: HON'BLE MR.JUSTICE ADARSH KUMAR GOEL ACTING CHIEF JUSTICE HON'BLE MR.JUSTICE AJAY KUMAR MITTAL Present: Mr. Ravi Shankar, Advocate for the petitioner. Adarsh Kumar Goel, ACJ. Notice of motion. Ms. Urvashi Dhugga, Senior Standing Counsel, present in Court, accepts notice. This petition seeks quashing of order dated 5.8.2011, Annexure P.10 passed by the Commissioner of Income Tax II, Chandigarh rejecting prayer for stay of demand arising out of order of penalty passed by the Assessing authority against which appeal is pending before the Commissioner of Income tax (Appeals). We have heard learned counsel for the parties. Having regard to the facts and circumstances of the case, we are of the view that recovery to the extent of 50% of the demand 1 CWP No.15004 of 2011 raised on the basis of impugned order should remain stayed pending decision of appeal. The appeal may be decided expeditiously and as far as possible within three months from the date of receipt of a copy of this order. The petition is disposed of accordingly. (Adarsh Kumar Goel) Acting Chief Justice August 17, 2011 (Ajay Kumar Mittal) ‘gs’ Judge 2