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2018 (3) TMI 1703 - AT - Income TaxStay of the balance demand - Penalty demand raised by AO u/s 271AAB which was later on revised u/s 154 - Held that:- We find that the assessee has already deposited 1/3rd of the total outstanding demand of ₹ 30,00,000/- and the matter is already listed for hearing on 10th April 2018. The balance demand is stayed for 3 months or till disposal of the appeal whichever is earlier. As further directed that the assessee shall not seek any adjournment in the matter without showing any reasonable cause to the satisfaction of the Bench, otherwise the stay would stand vacated.
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