2013 (9) TMI 112

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.... 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 the tax of Rs.15,22,450/- paid for the as....

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....e 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 the disposal of the appeal. 4. We have he....