https://www.taxtmi.com/caselaws?id=380062 The Appellate Tribunal ITAT Hyderabad dismissed the Stay Application filed by the assessee, ruling that the assessee failed to demonstrate financial hardship and had sufficient funds to pay the outstanding demand of &8377;39,92,21,960 for AY 2014-15. Despite arguments for a stay based on a prima facie case and balance of convenience, the Tribunal found no justification for granting the stay, as both parties were confident of success in the pending appeal. The Tribunal's decision was pronounced on 15th March 2019. en-us Fri, 15 Mar 2019 00:00:00 +0530 Tue, 14 May 2019 07:38:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380062 The Appellate Tribunal ITAT Hyderabad dismissed the Stay Application filed by the assessee, ruling that the assessee failed to demonstrate financial hardship and had sufficient funds to pay the outstanding demand of &8377;39,92,21,960 for AY 2014-15. Despite arguments for a stay based on a prima facie case and balance of convenience, the Tribunal found no justification for granting the stay, as both parties were confident of success in the pending appeal. The Tribunal's decision was pronounced on 15th March 2019. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380062