2012 (6) TMI 924

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..... PER R.S. SYAL, AM : By means of the present stay application the assessee seeks to get the extension of demand already stayed by the tribunal amounting to Rs.246,03,12,481 inclusive of interest u/s 234B, 234C and 234D for the assessment year 2006-2007 till the final disposal of the appeal. 2. The original order against the stay application was passed by the Tribunal granting the stay subj .....

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..... beyond a period of 365 days even after the amendment of the third proviso to section 254(2A) w.e.f 1st October, 2008. Taking into consideration the entire factual position in this regard as discussed above and the further fact that the assessee had already complied with the terms and conditions of the first stay and that the assessee has not adopted a hostile attitude in the disposal of appeal, w .....

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