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2015 (3) TMI 1164 - ITAT AHMEDABAD

2015 (3) TMI 1164 - ITAT AHMEDABAD - TMI - stay of recovery extended - Held that:- We further extend the stay of impugned demands subject to further payment of ₹ 50,000/- per month till disposal of assessee’s appeals for A.Y. 2007-08 to 2009-10 respectively or on expiry of six months, whichever is earlier. - Stay Application Nos. 21 to 23/Ahd/2015 (In IT(SS)A Nos. 258 to 260/Ahd/2013 - Dated:- 13-3-2015 - SHRI SHAILENDRA KUMAR YADAV, JUDICIAL MEMBER, AND SHRI ANIL CHATURVEDI, ACCOUNTANT ME .....

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bunal has granted stay on 13.08.2014 by observing as under: 4. We have heard the rival submissions and perused the material available on record. The undisputed facts are that the Revenue has proceeded to recover the amount by way of auction of the residential premises at 14, Shivalik Villa, Nr. Raj path Club, Ambali Road, Ahmedabad. It is also not disputed that the assessee has paid a sum of ₹ 10.5 lacs. Under these facts and circumstances of the case, we are of the considered view that th .....

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