2013 (9) TMI 112

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....DER Per Bench :- The assessee has filed the present Stay Application for granting stay of outstanding demand of Rs.1,09,68,965/- out of total demand of Rs.1,24,91,415/-. 2. The Ld. counsel for the assessee stated that the assessee has declared long-term capital gain of Rs.60,04,887/- in respect of amounts received from the Developers in the assessment year 2008-09 and the AO has adjusted ....

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....l because the assessee has no other source of income and running his family with meager source of income i.e. from pension. The Ld. counsel submitted that prima facie the balance of convenience lies in favour of the assessee. 3. On the contrary, the Ld. DR opposed the request of assessee's counsel and stated that the assessee may be allowed to deposit the outstanding demand in instalements till....

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....tal demand in dispute and to meet ends of justice, it is sufficient to grant stay of demand. We, therefore, grant stay of outstanding demand till the disposal of appeal or 180 days, whichever is earlier. It was stated by both the parties that similar matter is fixed for hearing on 07.06.2013 in the case of other assessees and requested that this appeal may also be fixed for 07.06.2013. Accordingly....