https://www.taxtmi.com/caselaws?id=333523 The Tribunal extended the stay of an outstanding demand of Rs. 144,14,48,284 for six months or until the passing of the appeal order. It also granted a stay on the initiation of penalty proceedings under section 271(1)(c) for six months or until the appeal order, citing wide powers under the law and the need to avoid multiple proceedings and untimely huge demands. Both requests by the assessee were allowed, with the appeal directed to be heard promptly. en-us Fri, 26 Aug 2016 00:00:00 +0530 Sun, 16 Oct 2016 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333523 The Tribunal extended the stay of an outstanding demand of Rs. 144,14,48,284 for six months or until the passing of the appeal order. It also granted a stay on the initiation of penalty proceedings under section 271(1)(c) for six months or until the appeal order, citing wide powers under the law and the need to avoid multiple proceedings and untimely huge demands. Both requests by the assessee were allowed, with the appeal directed to be heard promptly. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333523