9911796707
TMI Blog2015 (5) TMI 996X X X X Extracts X X X X X X X X Extracts X X X X ..... . In view of the above uncertainty, whether the amount belongs to assessee or Shri Manish K. Chatwani, we are inclined to grant stay of this demand with the following conditions: i) The assessee will pay a sum of ₹ 10 lakh on or before 05.06.2015. The assessee will submit the copy of payment of challan to the AO positively by 10th June, 2015 and accordingly AO will report to the Bench that the payment has been made. ii) The assessee will pay next installment of ₹ 10 lakh on or before the last day of the month i.e. 30.06.2015. The installments will continue on monthly basis till the disposal of the appeal, accordingly and in case revenue seeks adjournment the payment of installment will be stopped for that month only. - S. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unts fraudulently and this receipt of ₹ 2,31,54,644/- was deposited in these two accounts. The assessee in his petition has referred to this fact in para 14, which reads as under: 14. Your petitioner states that the Learned Appellate Authority admitted that the two bank accounts were opened with Saraswat Co-operative Bank, Camac Bhunder Branch at Mumbai vide Account No. 143100100000165 and the Union Bank of India, Bhat Bazar Branch, Mumbai vide Account No. 315901010036770 in the name of Shri Minish Kishorlal Chatwani of Mumbai. Shree Ganesh Karupa Housing Society, B-20, 113 Sector No. 10, Airoli, Navi Mumbai 400 708 by using the PAN Card of the Appellant Firm without the knowledge of the partners and both the bank Accounts were us ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with the following conditions: i) The ass4essee will pay a sum of ₹ 10 lakh on or before 05.06.2015. The assessee will submit the copy of payment of challan to the AO positively by 10th June, 2015 and accordingly AO will report to the Bench that the payment has been made. ii) The assessee will pay next installment of ₹ 10 lakh on or before the last day of the month i.e. 30.06.2015. The installments will continue on monthly basis till the disposal of the appeal, accordingly and in case revenue seeks adjournment the payment of installment will be stopped for that month only. 5. The appeal will come up for hearing on 02.07.2015. Adjournment to either of the parties will be given only in exceptional circumstances. In terms ..... X X X X Extracts X X X X X X X X Extracts X X X X
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