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2020 (2) TMI 950 - HC - Income TaxStay petition - whether the Tribunal is right in dismissing the stay petition ? - HELD THAT:- Though the Tribunal found that there is no prima facie case in view of the incriminating documents, considering the fact that the appellant had already deposited a sum of ₹ 15,71,293/-, out of demand of ₹ 61,99,012/-, the Interest of Justice will be complied with by directing the appellant to deposit a further sum of ₹ 15,00,000/- in three equal installments, each installments should be paid within 15 days of every month. On such payment, the dismissal order passed by the Tribunal in the stay petition is set aside and there shall be an order of interim stay till the disposal of the Appeal before the Tribunal. The question of law is answered in the above terms. It is open to the Tribunal to get along with the matter and dispose of the matter at the earliest, in accordance with law.
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