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TMI Blog2020 (4) TMI 536X X X X Extracts X X X X X X X X Extracts X X X X ..... , A.M. This is a stay application arising out of ITA No. 124/JP/2020 for A.Y 2014-15. 2. In its stay petition, the assessee has submitted as under:- "We would like to draw your goodself's attention to along with assessment order dated 29.12.2018 passed u/s 143(3) for the captioned assessment year and order passed u/s 154 dated 20.07.2018 raising a cumulative demand of Rs. 3,10,31,670/- u/s 156 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2018 to your goodself till the disposal of appeal before CIT(A)-1, Jaipur and accordingly stay was granted. 3. That the ld. CIT(A)-1, Jaipur has dismissed the assessee's appeal vide order u/s 250 dated 16.01.2020 and thereby confirmed the addition so made by your goodself in the assessment order dated 29.12.2018 u/s 143(3). This has resulted in outstanding remaining demand of Rs. 2,59,69,650/- b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Hon'ble Jaipur ITAT Bench decision in the case of Shri Nina Jain v. DCIT [ITA No. 371/JP/2017] * Hon'ble Jaipur ITAT Bench decision in the case of Shri Nisha Jain v. DCIT [ITA No. 372/JP/2017] Accordingly, the order passed by Id. CIT(A) is not justified and the assessee has filed an appeal against the same before Hon'ble ITAT Jaipur Bench on 29.01.2020 on the duly acknowledged Form ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee is directed to deposit a further sum of Rs. 15,00,000/- on or before 28.02.2020 to which the ld AR has agreed on behalf of the assessee. Subject to the said deposit, the balance demand is stayed for a period of three months or disposal of appeal which is ever and the Department is directed not to take any coercive/recovery steps in this regard. 5. The matter is directed to be listed for ..... X X X X Extracts X X X X X X X X Extracts X X X X
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