CAF-2 · Chapter 16 · Question 10 of 15
The High Court may stay the recovery of tax pending the decision of a reference application. What is the mandatory condition for the High Court to grant this stay?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) The taxpayer must deposit not less than 30% of the tax determined by the Appellate Tribunal.
Explanation
The High Court may stay recovery of tax, subject to deposit with the assessing authority of not less than thirty percent (30%) of the tax determined by the Appellate Tribunal.
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