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2018 (2) TMI 738 - AT - Income TaxSeeking stay of demand - Held that:- We direct the assessee-company to pay 50% of the demand in question on or before 28/02/2018 and furnish bank guarantee for balance demand for a period of 6 months before the Assessing Officer on or before 28/02/2018. The stay order is valid for a period of six months from the date of the order or till disposal of the appeal whichever is earlier. The matter is already listed for hearing for 17/05/2018. However, we direct the registry to advance the hearing date to 09/04/2018. The stay order is subject to condition that the assessee- company shall not seek adjournment of the appeal without any just and reasonable.
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