9911796707
TMI Blog2012 (1) TMI 245X X X X Extracts X X X X X X X X Extracts X X X X ..... R) For the Petitioner : Shri A.V. Sonde For the Respondent : Shri Roumuan Paite ORDER PER B.R. MITTAL, JM : By this application u/s. 254 of Income Tax Act, assessee has prayed for stay of outstanding demand of ₹ 63,85,261/- for assessment year 2007-08 pending disposal of appeal filed by assessee being ITA No. 157/Mum/2012. 2. The Ld. Counsel for the assessee submitted that Assessi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essment year 2006-07 which was heard by ITAT, Mumbai, 'L' Bench on 23.01.2012 and order is awaited. Ld. AR submitted that assessee is disputing entire tax demand raised by department in the appeal filed. Ld. AR submitted that if appeal of preceding assessment year is decided in favour of assessee, entire demand raised by department will go. Ld. AR submitted that in view of above facts, the outstan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sessee. Hence, it is a fit case to grant stay of balance outstanding demand of ₹ 63,85,261/- for a period of 6 months or till the disposal of this appeal by Tribunal whichever is earlier. The assessee will inform the Registry to fix this appeal on priority as and when the assessee receive order of Tribunal in respect of assessment year 2006-07 for which hearing had been completed on 23.1.201 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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