https://www.taxtmi.com/caselaws?id=245396 The Tribunal granted a stay of the outstanding demand for A.Y. 2010-11 due to the disallowance of broken period interest, amounting to Rs. 2649,26,00,000/-. The Tribunal favored the assessee, noting a prima facie case on the disallowance issue. The stay was granted for six months or until the appeal's disposal, with the assessee required to provide sufficient security to the A.O. The appeal was scheduled for an expedited hearing, aiming to balance the interests of both parties while protecting the Revenue's interests. en-us Wed, 26 Mar 2014 00:00:00 +0530 Fri, 28 Mar 2014 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245396 The Tribunal granted a stay of the outstanding demand for A.Y. 2010-11 due to the disallowance of broken period interest, amounting to Rs. 2649,26,00,000/-. The Tribunal favored the assessee, noting a prima facie case on the disallowance issue. The stay was granted for six months or until the appeal's disposal, with the assessee required to provide sufficient security to the A.O. The appeal was scheduled for an expedited hearing, aiming to balance the interests of both parties while protecting the Revenue's interests. Case-Laws Income Tax Wed, 26 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245396