2012 (11) TMI 47

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..... it of interim stay - condition imposed by the appellate authority, directing the petitioner to remit 50 % of the disputed liability so as to avail the benefit of interim stay is on the higher side - petitioner is directed to remit 1/3rd of the disputed liability - WP(C).No. 10625 of 2012 (C) - - - Dated:- 23-5-2012 - MR.JUSTICE P.R.RAMACHANDRA MENON, J. For Appellant:- SRI.RAMESH CHERIAN .....

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..... hereon as specified therein. It was pursuant to the said direction, that the appellate authority considered the petition for stay and passed Ext. P6 order, whereby the petitioner was directed to satisfy 50 % of the demand, in 'ten' equal monthly installments, so as to avail the benefit of interim stay. The learned counsel for the petitioner submits that, the only reason given the appellate authori .....

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..... (219 ITR 433). 3. After hearing both the sides, this Court finds that, the issue can be finalized only on the basis of actual facts and figures, by passing final orders in the appeal. However, in view of the nature of contentions raised, this Court finds that the condition imposed by the appellate authority, directing the petitioner to remit 50 % of the disputed liability so as to avail the b .....

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