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2015 (5) TMI 1058 - ITAT COCHIN

2015 (5) TMI 1058 - ITAT COCHIN - TMI - Grant of partial stay of recovery of demand - Held that:- As the assessee submitted that the assessee has already paid ₹ 2 lakhs each for all the five assessment years under consideration and whereas the assessee is also willing to pay a further sum of ₹ 2 lakhs each for all the years within a period of two months. In the circumstances, we grant stay of the outstanding demands for all the assessment years under consideration for a period of six .....

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l Member) By these stay applications, the assessee seeks stay of recovery of outstanding demands for the assessment years 2006-07 to 2009-10 & 2011-12. 2. We heard the parties. We find that this is a fit case for grant of partial stay of recovery of demand. The following demands were raised in assessee s case: A.Y. 2006-07 ₹ 63,42,387 A.Y. 2007-08 ₹ 62,20,678 A.Y. 2008-09 ₹ 82,34,335 A.Y. 2009-10 ₹ 63,89,027 A.Y. 2011-12 ₹ 84,20,270 Out of the above demands, the .....

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