9911796707
TMI Blog2011 (1) TMI 1368X X X X Extracts X X X X X X X X Extracts X X X X ..... he gross outstanding demands - part outstanding amount relates to the issue of transfer price, for which it is prepared to furnish a bank guarantee. HELD THAT:- The stay of recovery of the outstanding demand granted, subject to the condition that the assessee pays an amount of ₹ 50 lakhs out of the outstanding demand by 31st January, 2011. It has been brought to notice that the appeals o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IDENT AND SHRI AKBER BASHA, ACCOUNTANT MEMBER For the Appellant : Shri M.G.Ramachandran For the Respondent : Shri V.Srinivas ORDER Per G.C.Gupta, Vice President: By these Stay Applications, assessee seeks stay of recovery of outstanding demands of ₹ 3,96,14,987 and ₹ 1,01,40,232 respectively for the assessment year 2006-07, pending hearing and disposal of it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of stay of the outstanding demand. 4. We have considered the rival submissions. In the facts of the case, we are inclined to grant of stay of recovery of the outstanding demand, subject to the condition that the assessee pays an amount of ₹ 50 lakhs out of the outstanding demand by 31st January, 2011. It has been brought to our notice that the appeals of the assessee have already been pos ..... X X X X Extracts X X X X X X X X Extracts X X X X
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