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2021 (7) TMI 1122 - AT - Income TaxStay of demand - recovery proceedings - HELD THAT:- Assessee had already remitted more than 20% of the outstanding demand. We find that the provisions of Section 254(2A) of the Act read with first proviso thereon stipulates payment of 20% of the demand for the Tribunal to grant stay of demand. Though, in our considered opinion, the said proviso cannot be made applicable for extension of stay, as is present in the instant case before us, we still would like to rely on the said proviso to Section 254(2A) of the Act. Considering the compliance made to by the assessee to the said section 254(2A) of the Act; also considering the fact that the appeal for A.Y.2014-15 which was already heard by this Tribunal and order awaited thereon ; and further considering the fact that same addition was made in A.Y.2015-16 (i.e. the year under consideration before us), we are inclined to grant stay of demand for a period of six months from today or till the disposal of the appeal by this Tribunal for the A.Y.2015-16, whichever is earlier.
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