2014 (6) TMI 433

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..... l have no bearing whatsoever on the merits of the case of the parties in appeal, though it is a fit case for grant of stay, which is granted by a stay for a period of six months or the disposal of its appeal by the tribunal, whichever is earlier – Stay granted. - SA No. 158/Mum/2014 (Arising out of ITA No. 1360/Mum/2014) - - - Dated:- 30-5-2014 - Shri Sanjay Arora, AM And Shri Vijay Pal Rao, J .....

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..... ention that the said company, a merchant banker, is not comparable in-as-much as the assessee is engaged only in investment advisory services, and toward which he would take us to page 6 of the Directions dated 31.10.2013 issued u/s.144C(5) of the Act by the Dispute Resolution Panel-1, Mumbai (DRP). The tribunal had an occasion to decide a similar matter in the case of Carlyle India Advisors Priva .....

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..... essee has in fact already paid a substantial portion of its total demand arising in assessment. The entire outstanding demand of Rs.80.73 lacs, including interest at Rs.13.35 lacs, be therefore stayed for recovery. The assessee s appeal is fixed for hearing on 01.07.2014 before K Bench, while the Departments appeal is fixed before the same Bench on 25.06.2014, so that the same is likely to run .....

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