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2021 (8) TMI 981

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..... l. It is also borne out from the records that the delay in disposal of appeal pending before the tribunal cannot be attributable to the conduct of the applicant-assessee. Now, it has been brought out that the corresponding appeal is listed for hearing before a regular bench on 06.09.2021 and applicant is ready to argue the same. In these circumstances, we deem it fit and proper to extend the stay .....

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..... ths, subject to payment of ₹ 2,50,00,000/-. Thereafter, the Assessing Officer adjusted a refund amounting to ₹ 4,15,30,590/- against the disputed demands thus, almost 32% of the disputed demand has been paid by the applicant. It was further submitted that the stay on the recovery of the disputed demand has been extended by the Tribunal from time to time, and lastly it was extended vide .....

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..... nch. Therefore, it is requested that the stay of demand in dispute may be extended for a further period of 06 months or till the disposal of the appeal, whichever is earlier. 2. Ld. DR agreed with the submissions of the assessee that almost 32% of the total demand has been paid, but stated that since the assessee has been enjoying the stay from the last more than 06 years, some more amount may .....

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..... ting stay on the recovery of the demand, continues to prevail. It is also borne out from the records that the delay in disposal of appeal pending before the tribunal cannot be attributable to the conduct of the applicant-assessee. Now, it has been brought out that the corresponding appeal is listed for hearing before a regular bench on 06.09.2021 and applicant is ready to argue the same. In these .....

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