2015 (4) TMI 878

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..... me of the assessee was not justified. In these circumstances, the Tribunal was proceeded to grant a conditional stay order. The assessee has been directed to deposit a further sum of ₹ 30lacs on or before 15.3.2015 and in case the compliance is made, further recovery of ₹ 2,97,68,450/- is to shall remain stayed for a period of six months or till the appeal is finally decided, whiche .....

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..... rim stay application has been decided under order in appeal before us. It has been held by the Tribunal that the assessee was still in the process of constructing the building for charitable purpose. That he claimed that the order of the Assessing Officer treating the corpus donation as the income of the assessee was not justified. The department, however, contended that the assessee did not .....

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