2017 (9) TMI 1010

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....s stay application, Revenue intends the order dated 05.12.2016 granting refund to the appellant should be stayed. 2.  Prima facie examination of the appellate order, more particularly, the paragraphs 12.4 and 12.5 demonstrates that the appellate authority has examined recoverability of the amount in question from Revenue and that has been depicted in the balance sheet of different periods. R....

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....igures certified by Chartered Accountant and the Commissioner (Appeals) relied on such certificate, this is not the only basis to allow appeal of appellant by Id. Commissioner (Appeals). He has recorded that not only as per Chartered Accountant's certificate appellant is entitled to refund, he has also recorded that Balance Sheet of the appellant depicts that refundable amount is recoverable f....