Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (5) TMI 403 - GUJARAT HIGH COURTStay application – Waiver of Pre-deposits – Held that:- The issue is examined merely for the purpose of providing an interim formula, on the basis of which the assessee should enjoy stay against further recovery – prima facie, it appears that addition approximately worth Rs. 140 crores represents the excess sale of gas in million cubic meter units, which the AO did not account for in the order of assessment – the revenue imposed a condition which was too harsh at the first appellate stage – the assessee is directed to deposit a sum of Rs. 50 Crores and rest of the amount to be waived till the disposal – Partial Stay granted.
|