2014 (6) TMI 809

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....ri B. P. K. Panda ORDER Per P. M. Jagtap, A. M By this Stay Application, the assessee is seeking stay of outstanding demand of Rs. 1,69,52,948/- for A.Y. 2008-09. 2. We have heard the arguments of both the sides and also perused the relevant material placed on record. It is observed that the impugned outstanding demand has arisen as a result of various additions made to the total incom....

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....rant the stay of outstanding demand, the assessee should be asked to deposit some amount against the outstanding demand keeping in view its good financial position. 3. After considering the rival submissions and having regard to all the relevant aspects of the matter, we are of the view that the balance of convenience clearly lies in favour of the assessee and it is a fit case to grant stay of ....