2019 (3) TMI 642

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..... subject to payment of ₹ 15 lakhs to be paid by the assessee to the Revenue within 10 days from the date of the Order. Appeal of the assessee be fixed for early hearing on 09.05.2019. Assessee shall not seek any unnecessary adjournments in the matter. Paper book, if any, be filed as per Rules. With the above directions, stay application of the assessee is allowed. In the result, stay applicat .....

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..... ed by the assessee, according to which, after giving appeal effect, the net demand arise in a sum of ₹ 2,20,08,160/-, against which, assessee has already paid 15% against the outstanding demand in a sum of ₹ 33,01,224/-. He has, therefore, submitted that outstanding demand as on 27.06.2017 comes to ₹ 1,87,06,936/-. Learned Counsel for the Assessee submitted that substantial addit .....

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..... commenting on the merits of the case, we are of the view that assessee has a prima facie case for grant of stay till disposal of the appeal, subject to certain conditions. We, accordingly, stay the outstanding demand for a period of six months or disposal of the appeal whichever expire earlier, subject to payment of ₹ 15 lakhs to be paid by the assessee to the Revenue within 10 days from the .....

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