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2017 (5) TMI 1538 - AT - Income TaxStay on demand - Held that:- Since, very long period has been elaspsed when the first stay was granted vide order dated 13th Feb. 2015, the outstanding demand cannot be kept stayed Therefore, the request of the Ld. Cousel for the assessee for extension of the stay is rejected. However, keeping in view, the facts that substantial amount has been deposited by the assessee. Further no financial stress is pointed out by the Ld. Counsel for the assessee. We deem it proper to grant installment for payment of the outstanding demands i.e. 10 lakhs per month starting from 1st August, 2017 in the meantime, the Revenue shall not take any coercive steps for recovering of demand.
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