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2010 (2) TMI 862 - ITAT, MUMBAIGrant of stay against the recovery - interest under sections 234-B, 234-C and 234D and u/s 220(2) of the Act - assessee claimed depreciation on the brand name - there are no hard and fast rules regarding grant of stay, but prudence, discretion and circumspection are called for and that stay should not be granted as a matter of course - Held that:- no serious apprehension to the Revenue's rights of recovery being prejudiced by further waiting till the outcome of the appeals, the balance of convenience is in favour of not collecting the demand immediately, Hon'ble Supreme Court's observations in Dunlop's case (1984 - TMI - 40039 - SUPREME Court) cannot be interpreted to mean that this Tribunal is denuded of the powers to grant stay until case for financial stringency is successfully made out by the applicant, balance of convenience and possibilities of Revenue's rights of recovery being prejudiced by waiting till the outcome of appeals, stay petition stands allowed
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