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2014 (7) TMI 900 - AT - Income TaxExtension of stay of outstanding demand – Held that:- The Jurisdictional High Court, has held that the variation / modification in the terms of earlier stay granted by the Tribunal should not be disturbed as there has been no change in the facts and circumstances, when the original stay was granted - prima-facie the issue involved has not been settled finally against the assessee and also that there is no material change in the facts and circumstances of the case, the stay should be extended - the assessee has never sought any adjournment during the hearing of the appeal and it is only the Department which has been seeking adjournments from time to time - There is no fault on the part of the assessee for conducting the appeal – thus, the outstanding demand for the AYs is stayed for a further period of six months or passing of the order by the Tribunal in the appeal, whichever is earlier – Stay granted.
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