1 wp-506 PGK IN THE HIGH COURT OF JUDICATURE AT BOMBAY O.O.C.J. Writ Petition No.506 of 2011 Zydus Nycomed Healthcare Pvt.Ltd. ... Petitioner v/s. Asst. Commissioner of Income-tax 10(3)(4) & ors. ... Respondents Mr.J.D. Mistry i/by Mr.B.V. Jhaveri for Petitioner. Mr.Suresh Kumar for Respondents. ----- CORAM : J.P. DEVADHAR & SMT.ROSHAN DALVI, JJ. DATED : 21st March 2011 P.C. : 1.The Petitioner is aggrieved by the order dated 21st February 2011 passed by the Additional Commissioner of Income Tax, Mumbai, whereby the Petitioner is directed to pay at-least 40% of the outstanding demand relating to the Assessment Year 2007-08. 2.In the present case, the Petitioner has made an application seeking stay of demand before the C.I.T., City-10 on 21st of February 2011 and the same was disposed off on the same day, without hearing the Petitioner. Counsel for the Revenue states that the application dated 21st February 2011 would be heard by 2 wp-506 the C.I.T. afresh and an order would be passed after hearing the Petitioner within a period of two weeks from today. 3.In this view of the matter, the impugned order dated 21st February 2011 is quashed and set aside and the C.I.T., City-10 is directed to hear the application of the Petitioner dated 21st February 2011 in accordance with law. 4.The Respondent shall not take coercive steps till the disposal of the Application dated 21st of February 2011 and for a further period of two weeks thereafter, if the order of the CIT is adverse to the Petitioner. 5.Petition is disposed off accordingly. (ROSHAN DALVI, J.) (J.P. DEVADHAR,J.)