TMI Blog2019 (3) TMI 732X X X X Extracts X X X X X X X X Extracts X X X X ..... utstanding demand - HELD THAT:- Considering the submissions of both the parties and taking the financial conditions and the issue in appeal into consideration, we grant stay of outstanding demand for the A.Y. 2014-15 for a period of 180 days or till the disposal of appeal whichever is earlier subject to payment of 15% of the outstanding demand on or before 31st March 2019. Registry is directed to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his year was revised to ₹.15,88,06,350/- in the order passed u/s. 154 of the Act by the Assessing Officer. Copy of the demand notice dated 05.03.2019 issued u/s. 156 of the Act is furnished before us. 3. Learned Counsel for the assessee submitted that the DRP and the TPO simply followed the earlier years orders i.e. A.Y. 2013-14 and in turn followed the orders for the A.Y. 2012-13 while m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... granted stay till 30.06.2019 subject to payment of 20% of the outstanding demand which is very much reasonable. Ld.DR submits that stay shall not be granted without the payment of 20% of the outstanding demand as has been already granted by the Ld.Commissioner of Income-tax. 5. However, Ld. Counsel for the assessee referring to Page No. 18 of the Stay Application submits that as per the audite ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of both the parties and taking the financial conditions and the issue in appeal into consideration, we grant stay of outstanding demand for the A.Y. 2014-15 for a period of 180 days or till the disposal of appeal whichever is earlier subject to payment of 15% of the outstanding demand of ₹.15,88,06,350/- on or before 31st March 2019. Registry is directed to fix the appeal for hearing on 09 ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
