1991 (11) TMI 112

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..... unsel for the assessee and the learned representative. 3. The appeal in which the present application has been made is an appeal against the quantum assessment. The income-tax payable on the assessed income has already been paid by the assessee and, therefore, so far as the quantum appeal is concerned, there is no question of staying any demand. The assessee wants us to stay the penalty demand r .....

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..... are in dispute before it and even if this Tribunal has any such power, we would not like to exercise it in a manner that interferes with the exercise of a similar power by the first appellate authority before whom the matter is actually pending. The assessee's has admittedly not approached the first appellate authority for staying the demand. We, therefore, do not find any good reason for making .....

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