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2020 (4) TMI 536 - AT - Income TaxGrant of stay of outstanding demand - HELD THAT:- Out of total demand of ₹ 3,10,31,970, the assessee has already deposited a sum of ₹ 50,62,022. Considering the facts and circumstances of the case, the assessee is directed to deposit a further sum of ₹ 15,00,000/- on or before 28.02.2020 to which the ld AR has agreed on behalf of the assessee. Subject to the said deposit, the balance demand is stayed for a period of three months or disposal of appeal which is ever and the Department is directed not to take any coercive/recovery steps in this regard. The matter is directed to be listed for hearing on 16.03.2020 as stay granted matter.
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