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TMI Blog2015 (12) TMI 1861X X X X Extracts X X X X X X X X Extracts X X X X ..... /2016 - assessee s grievance is that if the assessee s appeal is not disposed of by 29/02/2016, then there is an apprehension for taking a coercive action by AO for recovery of balance of 50% - HELD THAT:- Since assessee has already paid 50% of total demand and AO himself has stayed recovery till disposal or 29/02/2016, therefore, assessee has made out a good prima facie case for stay of balance o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... against the balance outstanding demand of ₹ 3,45,87,830/- arising for the assessment year 2009-10. 2. We have heard the learned AR of the assessee as well as the learned Departmental Representative and considered relevant material on record. The total demand in this case was raised by the AO at ₹ 6.92 crores inclusive of interest of ₹ 2.44 crores. The assessee has already paid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich is 50% of total demand is hereby stay for a period of 180 days or till disposal of appeal of assessee whichever is earlier. Appeal of the assessee is already fixed for hearing on 05/01/2016 which may be listed in the category of stay granted cases out-of-turn hearing. 3. In the result, stay petition is allowed. Pronounced in the open court on 11th December, 2015. - - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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