https://www.taxtmi.com/caselaws?id=373895 The Tribunal granted a stay of the outstanding demand of Rs. 1,33,33,80,940 for AY 2015-16, related to deemed dividend u/s 2(22)(e), for 90 days or until appeal disposal. The assessee, facing financial hardship, offered assets as security and proposed adjusting income tax refunds. They agreed to pay Rs. 20 crores in installments. The Departmental Representative sought immediate higher payment. The Tribunal approved the stay with conditions, including depositing specified amounts in installments and offering assets as security. The order provided temporary relief to the assessee, subject to compliance with the conditions. en-us Thu, 17 Jan 2019 00:00:00 +0530 Tue, 22 Jan 2019 08:05:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373895 The Tribunal granted a stay of the outstanding demand of Rs. 1,33,33,80,940 for AY 2015-16, related to deemed dividend u/s 2(22)(e), for 90 days or until appeal disposal. The assessee, facing financial hardship, offered assets as security and proposed adjusting income tax refunds. They agreed to pay Rs. 20 crores in installments. The Departmental Representative sought immediate higher payment. The Tribunal approved the stay with conditions, including depositing specified amounts in installments and offering assets as security. The order provided temporary relief to the assessee, subject to compliance with the conditions. Case-Laws Income Tax Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373895