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TMI Blog2014 (3) TMI 1021X X X X Extracts X X X X X X X X Extracts X X X X ..... de its application,dated 19.02.2014,assessee-company has requested for granting stay of the outstanding demand of Rs. 189.62 Crores.In the application it was submitted that Assessing Officer (AO) had made a reference to Transfer Pricing Officer (TPO) u/s. 92C of the Act for determining Arms Length Price (ALP) of the International Transactions undertaken by the assessee,that theTPO passed an order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ility would cause undue financial hardship to the assessee. 2.During the course of hearing before us,Authorised Representative(AR) submitted that if appeal effective was given to the earlier orders, assessee was entitled to get refund of more than Rs. 105 Crores, that most of the issues in appeal were covered in favour of the assessee by the orders for the earlier years,that AO should be directed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7.5 Crores for which proceedings are pending before him till today. Registry is directed to fix the hearing of the case on 16.06.2014, as early hearing matter.As both the parties have been informed about next date of hearing in the court room, no separate notice of hearing will be issued. As a result, the stay application filed by the assessee stands allowed. Order pronounced in the open court o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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