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2013 (5) TMI 354 - HC - Income TaxStay petition - In the previous order of this Court, the Petitioner was directed to effect payment of the installments of Rs.2.5 crores each for the months of February and March 2013 by 25 March 2013. Petitioner states that payment in terms of the order of this Court has been effected and that in consequence, the Petitioner had made a total payment of Rs.12.45 crores in installments. Petitioner was called upon by an order dated 21 December 2012 to make payment of a total amount of Rs.25 crores in monthly installments of Rs.2.5 crores between December 2012 and September 2013. There was a default on the part of the Petitioner in complying with the directions of the DCIT. Thus, no payment has been made for the month of April 2013. The appeal has been heard in the meantime by the C.I.T. (A) and the Court has been informed that the order has been reserved. Therefore, it would be necessary to safeguard the interest of the Revenue. Held that:- Thus, the Court orders to made the necessary deposits towards for all relevant period. The C.I.T.(A) shall dispose of the appeal by 15 June 2013 in the event that an order adverse to the Petitioner is passed by the C.I.T.(A), the recovery of the balance of the demand shall remain stayed for a period of two weeks in order to enable the Petitioner to seek recourse to the remedy in appeal.
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