TMI Blog2014 (7) TMI 177X X X X Extracts X X X X X X X X Extracts X X X X ..... ation for extension of stay granted earlier. At that point of time the Tribunal would consider all facts and circumstances of the case and decide the extension application for stay filed by the petitioner. At this stage besides modifying the impugned order dated 20 September 2013 doing away with the requirement of depositing ₹ 30 crores, no other order is passed. - Writ Petition No. 2425 of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9;s furnishing bank guarantee for ₹ 207.26 crores and the revenue exercising a lien on fixed deposit of ₹ 60 crores. This stay was subsequently extended by orders dated 15 November 2012 and 17 May 2013. However, the appeal itself was not disposed of by the Tribunal. This was for the reasons that the issue in dispute viz. the petitioner's eligibility to claim deduction under Section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the stay order was not warranted in the absence of there being any change in the facts and circumstances of the case as existing where the stay was granted and extended earlier. 3) Mrs. Bharucha, learned Counsel for the revenue states that the Assessing Officer has now passed an order for A.Y. 2005-06 with regard to the petitioner 's claim for deduction under Section 80IA of the Act. She co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tioner has filed application for extension of stay before the Tribunal and the same is listed for hearing on 4 July 2014.The Tribunal would consider the petitioner's application for extension of stay granted earlier. At that point of time the Tribunal would consider all facts and circumstances of the case and decide the extension application for stay filed by the petitioner. At this stage besi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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