2012 (1) TMI 245

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.... B.R. MITTAL (JUDICIAL MEMBER) For the Petitioner : Shri A.V. Sonde For the Respondent : Shri Roumuan Paite ORDER PER B.R. MITTAL, JM : By this application u/s. 254 of Income Tax Act, assessee has prayed for stay of outstanding demand of Rs. 63,85,261/- for assessment year 2007-08 pending disposal of appeal filed by assessee being ITA No. 157/Mum/2012. 2. The Ld. Counsel for the ....

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....ssment year 2006-07 which was heard by ITAT, Mumbai, 'L' Bench on 23.01.2012 and order is awaited. Ld. AR submitted that assessee is disputing entire tax demand raised by department in the appeal filed. Ld. AR submitted that if appeal of preceding assessment year is decided in favour of assessee, entire demand raised by department will go. Ld. AR submitted that in view of above facts, the outstand....