9911796707
TMI Blog2025 (1) TMI 1008X X X X Extracts X X X X X X X X Extracts X X X X ..... ence in its favour. >The appellant also partly paid Rs. 2,15,08,248/- out of 20% taxes/penalties demands (Rs. 5,73,10,158/-) which is evident from chart filed for the assessee. >We also conciously note that the appellant has offered balance being Rs. 3,58,01,910/- out of the 20% towards disputed demand for two assessment years will be paid in three installments on or before the 31.03.2025. >Therefore, appellant has given assurance that the appellant will satisfied the balance payment of 20% disputed demand on or before 31.03.2025, in our considered view, it is a fit case for granting stay for balance outstanding demands. >Thus, we stayed the balance outstanding demand for a period of 6 months from the date of this order or till ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Act, 1961 and in this regard, he has filed a chart explaining the description of demand raised, demand raised in INR, 20%-Amount in INR, Payments/Adjustment in INR etc. as under: >AY >Description of demand raised >Amount in INR >20%-Amount in INR >Balance 80% in INR >Payments/Adjustments in INR >Remarks >2016-17 >Penalty u/s. 42 of BM Act >10,00,000 >2,00,000 >8,00,000 >2,00,000 > >2017-18 >Quantum -u/s.10(3) of BM Act >6,03,24,717 >1,20,64,943 >4,82,59,774 >2,01, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the disputed demand as per column 5 of stay applications, the stay may be granted subject to the payment of balance Rs. 3,58,01,910/- quantified out of 20% of demand in three installments on or before the 31.03.2025. >5. We have heard both the parties and considered relevant contents of stay petitions filed by the appellant for assessment years 2016-17 and 2017-18. On perusal of contents of the stay petitions filed by the appellant, we are of the considered view that the assessee has made out a prima facie case and also balance of convenience in its favour. Further, the appellant also partly paid Rs. 2,15,08,248/- out of 20% taxes/penalties demands (Rs. 5,73,10,158/-) which is evident from chart filed by the Ld. AR for the assessee. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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