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2019 (3) TMI 480 - ITAT MUMBAIStay petition - recovery proceedings - disallowance of exemption u/s. 10(38) - HELD THAT:- In this case the assessee has already deposited ₹ 25,00,00,000/- against the outstanding demand. The assessee has tried to make out a prima facie case in its favour by stating. We are therefore of the opinion that stay should be granted subject to the condition that assessee shall deposit another ₹ 25,00,00,000/- on or before 15-03-2019. Therefore, the outstanding demand is stayed for a period of six months from the date of this order subject to condition that the assessee would deposit ₹ 25,00,00,000/- on or before 15-03-2019. The assessee is also granted out of turn hearing on 23-04-2019 and the registry is directed accordingly. Since the date of hearing is announced in the open court, the issuance of separate notices is dispensed with.
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