https://www.taxtmi.com/caselaws?id=327116 The tribunal granted the Assessee's stay petition for the outstanding demand of Rs. 184.37 crores for A.Y. 2009-10 under the Income Tax Act, 1961. Despite a previous direction to pay Rs. 50 crores, the Assessee had paid only 46% of the demand. The tribunal found merit in the Assessee's case, considering the favorable legal developments and substantial funds already paid for previous assessments. The stay was allowed without requiring additional payment, with instructions not to seek adjournments without valid reasons. The decision was rendered on March 04, 2016. en-us Fri, 04 Mar 2016 00:00:00 +0530 Wed, 04 May 2016 09:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327116 The tribunal granted the Assessee's stay petition for the outstanding demand of Rs. 184.37 crores for A.Y. 2009-10 under the Income Tax Act, 1961. Despite a previous direction to pay Rs. 50 crores, the Assessee had paid only 46% of the demand. The tribunal found merit in the Assessee's case, considering the favorable legal developments and substantial funds already paid for previous assessments. The stay was allowed without requiring additional payment, with instructions not to seek adjournments without valid reasons. The decision was rendered on March 04, 2016. Case-Laws Income Tax Fri, 04 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327116