2018 (1) TMI 806 - HC - Income Tax

Grant of stay pending the final hearing of an appeal - applicant has been directed to deposit a sum of ₹ 18 crores in three installments Held that - On instructions learned Senior Counsel appearing for the petitioner states that the petitioner is not in a position to deposit any amount as of today. Hence, no case is made out for grant of ad-interim relief. Place this petition for admission after all office objections are removed.

Summary

The Bombay High Court directed the petitioner to deposit Rs. 18 crores in three installments for stay pending appeal. The petitioner expressed inability to deposit any amount currently, leading to denial of ad-interim relief. Petition to be placed for admission after office objections are resolved.