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2018 (5) TMI 1740 - AT - Income TaxStay of recovery of the balance tax payable - Held that:- On the facts and circumstances, we grant an installment of payment taxes of ₹ 2.50 Crs. per month. The first installment is to be paid on or before 15.06.2018 and the subsequent installments of payment should be made on or before 15th of every subsequent month. When the case is posted for regular hearing, if the assessee is seeking adjournment on any ground, this order shall stand vacated. However, if the Revenue seeks adjournment on any ground, the assessee is entitled to get a blanket stay. Subject to the above conditions, the assessee’s Stay Petition is disposed.
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