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TMI Blog2019 (5) TMI 790X X X X Extracts X X X X X X X X Extracts X X X X ..... ndent : Shri Y.V.S.T. Sai ORDER SHRI D.S. SUNDER SINGH, A.M.: This Stay Application is filed by the assessee seeking stay of outstanding demand of Rs. 39,92,21,960/- for AY 2014-15. 2. Ld. Counsel for the assessee submitted that the stay may be granted for recovery of outstanding demand till the disposal of the corresponding appeal as the assessee has a prima-facie case in his hand and, theref ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... judgment in the case of MC Kinsey Knowledge Centre India Pvt. Ltd., 102 Taxmann.com 439. He, therefore, submitted that the department also has a fair chance of succeeding in the appeal before the Tribunal, hence, objected for granting stay of outstanding demand. 4. We have heard the rival submissions and perused the material on record. In the instant case, both the parties are confident of succee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng demand and it is also the responsibility of the assessee to make the payment of taxes due. Therefore, in our considered view, the ld. AR did not make out a case for granting of stay of demand and hence, we are not inclined to grant the stay. Accordingly, the SA filed by the assessee is hereby rejected. 5. In the result, SA filed by the assessee is dismissed. Order pronounced in the open Court ..... X X X X Extracts X X X X X X X X Extracts X X X X
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