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TMI Blog2014 (9) TMI 551X X X X Extracts X X X X X X X X Extracts X X X X ..... trust and also if the bank statement is looked into, it cannot be thought that assessee will be able to make payment of 25% of the demand – thus, the assessee is directed to deposit 10% of the demand – Partial stay granted. - Writ Petition No.24730 of 2014 and MP.No.1 of 2014 - - - Dated:- 11-9-2014 - V. Ramasubramanian,JJ. For the Petitioner : Mr. B. Sivaraman For the Respondents : M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion. On the application for reconsideration, the Assessing Officer imposed a condition that the petitioner should pay 50% of the demand. 4. Thereafter, the petitioner moved an appeal along with a stay petition, before the second respondent. Upon considering the financial crunch of the petitioner, while granting stay, the second respondent modified the condition imposed by the Assessing Officer, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ancial hardship of the petitioner has been taken into consideration. Therefore, strictly speaking, the impugned order does not warrant any interference. 7. However, if we have a look at the fact that the petitioner is a public charitable trust and also if we have a look at the bank statement, I do not think that the petitioner will be able to make payment of 25% of the demand. 8. Therefore, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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