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2019 (12) TMI 1452 - AT - Income TaxStay petition - as submitted that around 20% of the demand raised is already paid to Revenue and prayers are made to stay outstanding demand of tax and interest - HELD THAT:- As assessee placed before the Bench, the challans for payment of taxes to the tune of ₹ 9.26 crores post assessment framed by the AO , which challans are now placed in the stay petition file. The assessee has however not filed any financial statements / Balance sheet etc before the Bench to prove financial difficulties. The learned DR objected to grant of stay of outstanding demand of income-tax and interest thereon. After hearing both the parties and keeping in view entire factual matrix of the case and as per detailed discussions above, we are inclined to grant early hearing of the appeal which is now fixed for hearing before Regular Bench on 13th January 2020 and till then we direct Revenue not to take coercive action against the assessee for recovery of outstanding demand. Registry is directed to issue notice to both the parties fixing appeal .
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