2019 (4) TMI 516

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..... t any stay of the recovery of demand, the same shall be on condition of the Applicant depositing 50% of the demand notice - HELD THAT:- There is substance in the submission made by the learned Counsel for the Applicant. The Applicant is a Government of India Undertaking. Substantial amount of TDS claimed by the Applicant, is disallowed by the Revenue. Such amount is already lying deposited with th .....

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..... in the said order. It is the case of the Applicant that the Assessing Officer has wrongly disallowed the TDS credit to the full extent, erroneously. The Tax Appeal against the order passed by the I.T.A.T. is already admitted and is pending before this Court. 3. It is submitted by the learned Counsel for the Applicant that an amount of more than ₹ 6 crores of the Applicant is already lyin .....

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..... ubmission before this Court as to why in the facts and circumstances of this case, the Applicant shall not be granted stay without depositing any further amount. 5. In our prima facie view, there is substance in the submission made by the learned Counsel for the Applicant. The Applicant is a Government of India Undertaking. Substantial amount of TDS claimed by the Applicant, is disallowed by .....

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