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2018 (1) TMI 1518 - AT - Income TaxStay of demand - recovery proceedings - HELD THAT:- Considering the fact that the demand is for all the seven years put together nearly ₹ 200.00 Crs. against which the assessee had paid only ₹ 15.00 Crs, the assessee is granted an installment scheme of ₹ 7.00 Crs. per month representing an installment of ₹ 1.00 Cr. for each of the assessment years in respect of the appeals which the Stay Petitions have been filed. The first installment is to be paid on or before 16.01.2018 and the subsequent installments to be paid on or before 15th of every succeeding month. The appeals of the assessee have been filed on 08.01.2018 and consequently, Registry is directed to post the appeals of the assessee on 19.03.2018. No notice to be issued to the parties as the order has been pronounced in the open court. Stay Petitions filed by the assessee are partly allowed.
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