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TMI Blog2020 (4) TMI 536X X X X Extracts X X X X X X X X Extracts X X X X ..... 2020 to which the ld AR has agreed on behalf of the assessee. Subject to the said deposit, the balance demand is stayed for a period of three months or disposal of appeal which is ever and the Department is directed not to take any coercive/recovery steps in this regard. The matter is directed to be listed for hearing on 16.03.2020 as stay granted matter. - S.A No. 07/JP/2020 (Arising out of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ptioned assessment year declaring total income of ₹ 62,94,620/-. The assessment was completed by your goodself by passing order u/s 143(3) assessing total income of the assessee at ₹ 8,14,02,210/- by making addition of ₹ 7,51,07,591/- in respect of Long Term Capital Gain by alleging the same to be bogus. 2. That against the assessment order the assessee filed appeal u/s 246A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... against the various direct judgments passed by jurisdictional ITAT Jaipur Bench. Some of the judgments passed by Hon'ble ITAT Bench as under: Hon'ble Jaipur ITAT Bench decision in the case of Shri Gaurav Bagaria v. ITO, ward 2(3 [ITA No. 550/JP/2019] Hon'ble Jaipur ITAT Bench decision in the case of DCIT v. Saurabh Mittal [ITA No. 16/JP/2018] Hon'ble Jaipur ITA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... have liquid funds to deposit the balance demand. The deposition of remaining outstanding demand will adversely impact the assessee's financial position. Accordingly, it is requested to kindly to grant stay of demand till the disposal of appeal filed before the Hon ble ITAT, Jaipur Bench. 3. The ld. DR is heard who has objected to the grant of stay of outstanding demand and submitted ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... informed to both the parties in the open Court. The assessee is directed not to seek any adjournment on the scheduled date of hearing and is directed to submit paperbook, if any one week in advance of the scheduled date of the hearing. In the result, the stay application is disposed off in light of above directions. Order pronounced in the open Court on 07/02/2020. - - TaxTMI - TMITax - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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