2012 (3) TMI 447

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....the Appellant : Shri. Chavali Narayan, CA For the Respondent : Shri. Etwa Munda, CIT-III ORDER PER N. BARATHVAJA SANKAR, VICE PRESIDENT : By this stay petition filed by the petitioner, M/s. Huawei Technologies India P. Ltd., Bangalore, seeks the stay of recovery of the outstanding demand of Rs. 2,88,54,145/- till the disposal of the appeal in ITA.1338/Bang/2010, for the assessment y....

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....ions and considered the facts and materials on record. The tax outstanding is Rs. 3,87,12,021/- (excluding interest) and the assessee had already paid Rs. 2,88,54,145/-. However, the interest on the outstanding tax works out to Rs. 1,73,09,265/-. We deem it fit and proper to grant stay on the following terms and conditions : i) The assessee shall pay Rs. 75 lakhs, as detailed below : a) Rs. ....