2019 (4) TMI 2084

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..... ANDA, AM The assessee through this stay application requests the Tribunal to stay the realization of outstanding demand of Rs. 13,99,830/-. 2. The Ld. Counsel for the assessee referring to the stay application submitted that the assessee is an individual and invested in shares of some listed companies. Those equity shares were sold in financial year 2014-15 through recognized stock exchange and .....

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..... e case the Ld. Counsel for the assessee referring to various decisions submitted that under identical circumstances the various benches of the Tribunal has allowed the claim of exemption u/s 10 (38) of the IT Act. So far as the balance of convenience is concerned he submitted that the assessee does not have enough money right now to pay the huge tax demand. He accordingly submitted that stay shoul .....

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..... earlier. The request of the assessee for out of turn hearing is also accepted and the appeal is fixed for hearing on 11.06.2019 which was announced in the open court. It was further announced that no separate notice of hearing shall be sent to which both the parties agreed. The stay application filed by the assessees is accordingly allowed. 7. In the result, the stay application filed by the ass .....

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