TMI Blog2018 (3) TMI 1087X X X X Extracts X X X X X X X X Extracts X X X X ..... dated 31.07.2017 in which it has been stated that where the outstanding demand was disputed before the Appellate Authority, the assessing officer shall grant stay of demand till the disposal of the first appeal on payment of 20% of the disputed demand. In this case, a simple arithmetic calculation would show that more than 20% of the disputed demand has already been recovered and adjusted by the D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rein has preferred appeals before the Appellate Authority namely the third respondent herein. The appeals are pending as on date. The petitioner has also taken out stay application in the pending appeals. During the pendency of the stay application recovery proceedings came to be initiated and as a result, sum of ₹ 2.70 crores has been recovered from the Bank Account of the petitioner. But t ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
