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2019 (4) TMI 612 - ITAT CHENNAIStay of recovery of demand - Capital gain in return filed on receipt of notice u/s.148 - penalty u/s.271(1)(c) levied - HELD THAT:- Considering the facts and circumstances of the case, that the demand arose out of penalty order and the impugned appeal is posted for hearing on 06.06.2019, we grant stay of recovery of demand till the disposal of the appeal. However, the assessee shall actively pursue the appeal for the early disposal. Issue of notice is dispensed with. Stay petition is allowed.
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