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2020 (3) TMI 42 - AT - Income TaxStay on collection/recovery of outstanding tax and interest amount - demand created as a result of assessment under section 143(3) r.w.s. 144C (13) - HELD THAT:- No case is made out that by making the partial payment of demands, as directed by the learned Commissioner, the assessee will be subjected to any serious and undue hardship. There is nothing to show that any significant inconvenience will be caused to the assessee in complying with the conditions imposed by the learned Commissioner, while granting the partial stay, or that the order of the learned Commissioner, in so granting the partial stay, is perverse or unreasonable. In these circumstances, we are not inclined to interfere in the matter so far as grant of stay is concerned. In today's world of ultrafast banking transactions, it is difficult to believe that a period of 15 days is less than sufficient to organize an inward foreign remittance, and it is not even the case of the assessee that the assessee has paucity of funds. In any event, it is open to the assessee to point out all the related facts to the Commissioner, and seek appropriate relaxations as he may be advised. Suffice to say that in the absence of any perversity or any unreasonableness on the part of the With the consent of the parties, however, we have posted the matter for an out of turn hearing on 24th February 2020.
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