2012 (3) TMI 447

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..... a Munda, CIT-III ORDER PER N. BARATHVAJA SANKAR, VICE PRESIDENT : By this stay petition filed by the petitioner, M/s. Huawei Technologies India P. Ltd., Bangalore, seeks the stay of recovery of the outstanding demand of ₹ 2,88,54,145/- till the disposal of the appeal in ITA.1338/Bang/2010, for the assessment year 2006-07, by the Tribunal. 02. The learned representative .....

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..... The tax outstanding is ₹ 3,87,12,021/- (excluding interest) and the assessee had already paid ₹ 2,88,54,145/-. However, the interest on the outstanding tax works out to ₹ 1,73,09,265/-. We deem it fit and proper to grant stay on the following terms and conditions : i) The assessee shall pay ₹ 75 lakhs, as detailed below : a) ₹ 30 lakhs on or before 31.03.2012 ; .....

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