TMI Blog2020 (4) TMI 55X X X X Extracts X X X X X X X X Extracts X X X X ..... wards the disputed demand. The total demand is for a sum of ₹ 42,43,57,970/-and the tax component comes to a sum of ₹ 25,11,05,384/-. Thereafter, the petitioner is permitted to file a stay application before the Commissioner of Income Tax (Appeals) before whom the appeal is pending, within a period of two (2) weeks from today. Stay of the balance demand till disposal of the stay app ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... For the Respondent : Mr.A.P.Srinivas Senior Standing Counsel ORDER Mr. A.P. Srinivas, learned Senior Standing Counsel accepts notice for the respondent and is armed with instructions in the matter. 2. The challenge in this writ petition is to an order of re-assessment for assessment year 2014-15. passed in terms of the provisions of the Income Tax Act, 1961 (in short 'Act'). ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... im stay of demand, which has been considered and an order passed on 17.02.2020 granting a scheme of installment to the petitioner by way of five (5) equated monthly installments of the demand to be paid by the 30th of each month. The scheme of installments commences from February 2020. 6. Leaned counsel for the petitioner confirms that no amount has been paid thus far towards the disputed deman ..... X X X X Extracts X X X X X X X X Extracts X X X X
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