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TMI Blog2012 (4) TMI 217X X X X Extracts X X X X X X X X Extracts X X X X ..... t appeal has been filed is no ground for granting stay particularly when the petitioner- assessee has sound financial position. Huge amount of arrears of tax if not paid would unnecessarily result in the payment of interest by a public body like the assessee-petitioner. No infirmity found in the order – Petition dismissed. - CWP No. 5607 of 2012 - - - Dated:- 26-3-2012 - MR. JUSTICE M.M.KUMAR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oner and initiation of coercive steps has also been made with a prayer for interim stay. 2. It has come on record that assessment in this case under Section 143(3) of the Act was completed on 28.12.2011 and demand of crores of rupees was created. The petitioner- assessee filed rectification application on 6.3.2012 under Section 154 of the Act which was disposed of on the same day and the total d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ioner at a considerable length and are of the view that tax liability ordinarily is not to be stayed. The mere fact that appeal has been filed is no ground for granting stay particularly when the petitioner- assessee has sound financial position. The huge amount of arrears of tax if not paid would unnecessarily result in the payment of interest by a public body like the assesseepetitioner. There i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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