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2016 (3) TMI 1334 - ITAT DELHISeeking stay the outstanding demand - Held that:- We are inclined to accept the request of the assessee for grant of stay for a period of six months or till the disposal of the appeal, whichever is earlier, subject to the assessee depositing a further sum of ₹ 12.50 lac by 31.3.2016. AR agreed to deposit the above amount by the stipulated date. This accommodation is subject to furnishing of undertaking to the satisfaction of the AO to the effect that assessee will not alienate or dispose of any of its immovable properties till the final disposal of the present appeal. The assessee will also not be entitled to seek any adjournment without just cause. In case any of the terms and conditions is/are violated, the stay herein granted shall be vacated and appeal will revert to its original position to be fixed in routine manner - stay application of the assessee gets disposed of accordingly
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