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2017 (7) TMI 1097

Estimation of stay - Direction of tribunal to deposit 50% of the total tax demand - Held that:- This writ petition is disposed of with a slight notification of the direction given by the learned Tribunal that instead of 50% of the total tax demand, the petitioner-company may deposit 30% of the said total tax demand disputed before the learned Tribunal and if the petitioner-company has already deposited 20% of the tax demand in view of the aforesaid direction of the learned Tribunal, remaining 10 .....

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enior counsel Mr.Percy Pardiwala for the petitioner-company has referred to paragraph-5 of the impugned order and has drawn the attention of the Court towards the suggestion of the Bench of Tribunal given to the learned Senior counsel appearing for the petitioner-assessee that the Tribunal could stay the demand, subject to the condition of payment of 30% of the total tax demand, which, however, the learned Senior counsel appearing for the petitioner-company did not accept and thereupon, discussi .....

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ts of the case at all, leaving it free for the Tribunal to decide the same in accordance with the law. The Tribunal is therefore requested to decide the pending appeals expeditiously, preferably within a period of six months from today. 5. On the question of direction of the learned Tribunal to deposit 50% of the total tax demand, the learned Senior counsel fairly submits that the petitioner-company should be allowed to abide by the suggestion of the Bench of Tribunal as stated in paragraph-5 of .....

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o the learned Tribunal to decide the present appeal as well as the connected appeals expeditiously. 7. Accordingly, this writ petition is disposed of with a slight notification of the direction given in paragraph-18 of the impugned order dated 22.03.2017 passed by the learned Tribunal that instead of 50% of the total tax demand, the petitioner-company may deposit 30% of the said total tax demand disputed before the learned Tribunal and if the petitioner-company has already deposited 20% of the t .....

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