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2019 (1) TMI 1263 - ITAT JAIPURStay of Penalty u/s 271D - contravention of the provisions of Section 269SS - Held that:- Given the fact that the assessee has already deposited a sum of ₹ 3,50,000/- out of total tax demand of ₹ 10 lacs which is more than 35% of the total tax demand, the balance demand is stayed till 28.02.2019 or till disposal of appeal, whichever is earlier. The hearing in the matter is already scheduled for 12.02.2019. AR has given an undertaking that he shall not seek any adjournment in the matter and where any adjournment is sought without showing reasonable cause to the satisfaction of the Bench, the stay so granted shall stand vacated.
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