https://www.taxtmi.com/caselaws?id=372982 The Tribunal granted a stay application for the Assessee against an outstanding demand of Rs. 111,61,79,720 for A.Y. 2015-2016. The stay was allowed for six months or until the appeal's disposal, with a condition not to seek unnecessary adjournments. The decision was based on the assessee's prima facie case for an absolute stay, substantial demand already paid, and pending appeals on similar issues. The balance of convenience favored the assessee as recovering the entire demand would defeat the purpose of the appeal, ensuring fairness to both parties for a final hearing on a fixed date. en-us Wed, 02 Jan 2019 00:00:00 +0530 Fri, 04 Jan 2019 06:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372982 The Tribunal granted a stay application for the Assessee against an outstanding demand of Rs. 111,61,79,720 for A.Y. 2015-2016. The stay was allowed for six months or until the appeal's disposal, with a condition not to seek unnecessary adjournments. The decision was based on the assessee's prima facie case for an absolute stay, substantial demand already paid, and pending appeals on similar issues. The balance of convenience favored the assessee as recovering the entire demand would defeat the purpose of the appeal, ensuring fairness to both parties for a final hearing on a fixed date. Case-Laws Income Tax Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372982