2012 (1) TMI 202

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....pondent by: Shri Etwa Munda, CIT-III ORDER PER GEORGE GEORGE K : The Stay Petition is filed by the assessee, seeking extension of stay against the recovery of outstanding tax arrears amounting to ₹ 1,28,47,185/- for the assessment year 2006-07. The interim stay granted by the ITAT in SP Nos.125/Bang/2010 & 97/Bang/2011 vide orders dated 24.01.2011 and 22/07/2011 had expired on 23/07/2011 ....

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....erial on record. The assessee has made out prima facie case for grant of extension of stay and in the interest of justice, we deem it fit and proper to grant extension of stay for further period of 180 days or till the disposal of the appeal, whichever is earlier. It is ordered accordingly. It is to be noted that the stay is extended beyond 365 days. However, it is to be mentioned that delay in di....