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2019 (2) TMI 1379 - AT - Income TaxStay petition - rectification order passed u/s 154 as the total demand outstanding was recomputed at inclusive of interest as charged under section 234B - HELD THAT:- It is not in a position to pay any amount towards the outstanding tax demand raised, we are of the view that this is not a fit case for grant of stay on recovery of the outstanding demand of ₹ 9,29,93,360/- and accordingly dismiss the assessee’s stay petition. On the request of both the parties, the hearing in this case which was fixed for 28.06.2019, stands preponed and early hearing is granted on 13.03.2019. Since the date of early hearing is pronounced in open court in the presence of both the parties, no notice of hearing the appeal in IT(TP)A No.3282/Bang/2018 for Assessment Year 2014-15 in the present case need be issued.
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