2018 (3) TMI 1808

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..... services. The assessee has purchased raw material and finished goods from the Associated Enterprise. This Tribunal is of the considered opinion that out of total demand of ₹ 9,55,56,640/-, the assessee has already paid ₹ 6,75,61,964/- and what remains is only ₹ 2,79,94,680/-. Now the assessee is willing to pay ₹ 60,00,000/-. Therefore, there is a prima facie case for gr .....

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..... The assessee has filed the present Stay Petition praying for stay for recovery of outstanding amount of ₹ 2,79,94,680/- for the assessment year 2013-14. 2. Sh. SP. Chidambaram, the Ld.counsel for the assessee, submitted that out of ₹ 2,79,94,680/-, tax portion comes to ₹ 1,56,11,128/- and the interest comes to ₹ 1,23,83,552/-. According to the Ld. counse .....

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..... 8377; 6,75,61,964/- and what remains is only ₹ 2,79,94,680/-. Now the assessee is willing to pay ₹ 60,00,000/-. Therefore, there is a prima facie case for grant of stay. Accordingly, the recovery of outstanding amount of ₹ 2,79,94,680/- is hereby stayed for a period of six months from today on the condition that the assessee shall deposit ₹ 60,00,000/- on or before 31-03-20 .....

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