9911796707
TMI Blog2014 (6) TMI 809X X X X Extracts X X X X X X X X Extracts X X X X ..... good prima facie arguable case - the balance of convenience clearly lies in favour of the assessee and it is a fit case to grant stay of outstanding demand subject to payment of Rs. 30 lacs by the assessee against the outstanding demand in order to make the recovery of original outstanding demand to the extent of 50% - Partial stay granted - SA No. 169/Mum/2014, Arising out of ITA No. 3601/Mum/2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... filed before the Tribunal and as explained by the ld. Counsel for the assessee, the assessee has a good prima facie arguable case to succeed on merit in its appeal before the Tribunal. He has also submitted that the original demand raised against the assessee for A.Y. 2008-09 was Rs. 2.86 crores and after adjustment of refunds for the earlier years, the balance demand outstanding is now only Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lacs against the outstanding demand by 30th June, 2014. Subject to the said payment, the balance outstanding demand is directed to be kept in abeyance for a period of six months or till the disposal of the corresponding appeal of the assessee by the Tribunal. The Registry is directed to fix the said appeal of the assessee for hearing out of turn on 25-8-2014 as announced in the open court and tak ..... X X X X Extracts X X X X X X X X Extracts X X X X
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