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2014 (7) TMI 55 - ALLAHABAD HIGH COURTStay application allowed in part – Held that:- The appellate authority had not discarded the genuineness of the reasons disclosed by the appellant for not producing the agriculturists before the AO - it has been noted in the order that "certain genuine difficulties" were disclosed and "which will be examined during appeal proceeding" - all the agriculturists have filed their affidavits in support of the transactions and there is some force in the submission of the assessee that the entire burden was not upon the assessee and the AO could have summoned them - where the assessment is unreasonably high pitched, the demand should be stayed during the pendency of the appeal – the assessee shall deposit a sum of Rs.7 lacs towards the demand – Partial stay granted.
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