Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (6) TMI 809 - AT - Income TaxStay application – Stay of outstanding demand – Held that:- The outstanding demand has arisen as a result of various additions made to the total income of the assessee which mainly include disallowance u/s 40(a)(i), difference in AIR reconciliation and TP adjustment - the assessee has a good prima facie arguable case - the balance of convenience clearly lies in favour of the assessee and it is a fit case to grant stay of outstanding demand subject to payment of Rs. 30 lacs by the assessee against the outstanding demand in order to make the recovery of original outstanding demand to the extent of 50% - Partial stay granted
|