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2014 (8) TMI 347 - HC - Income TaxRejection of stay application – Application already pending - Held that:- The assessee has not fulfilled the relevant condition stipulated by C.B.D.T and observing that the Board has eloborately narrated the circumstances/ conditions required to be satisfied by the assessee - Since the petitioner has filed an appeal and stay petition is pending as on date before the appellate authority, a conditional order of stay is granted till the disposal of the appeal before the respondent – the petitioner is directed to deposit a sum of Rupees seventy five lakhs – Partial stay granted.
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