https://www.taxtmi.com/caselaws?id=277745 The Tribunal granted the stay application for the outstanding demand of Rs. 63,71,370, inclusive of interest, until the appeal for the Assessment Year 2011-12 is disposed of. The stay was allowed for a period of six months or until the appeal's conclusion, with the condition that the assessee deposits an additional sum of Rs. 12.50 lakh by a specified date and provides an undertaking not to dispose of any immovable properties. Violation of the terms would lead to the vacation of the stay. The order was pronounced in favor of the assessee on 23.03.2016. en-us Wed, 23 Mar 2016 00:00:00 +0530 Fri, 21 Dec 2018 05:51:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277745 The Tribunal granted the stay application for the outstanding demand of Rs. 63,71,370, inclusive of interest, until the appeal for the Assessment Year 2011-12 is disposed of. The stay was allowed for a period of six months or until the appeal's conclusion, with the condition that the assessee deposits an additional sum of Rs. 12.50 lakh by a specified date and provides an undertaking not to dispose of any immovable properties. Violation of the terms would lead to the vacation of the stay. The order was pronounced in favor of the assessee on 23.03.2016. Case-Laws Income Tax Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277745