2017 (3) TMI 1637

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....ome Tax Appellate Tribunal (ITAT for short), whereby the learned Tribunal, has imposed a condition on the petitioner to pay an amount of Rs. 15 Crores to the Income Tax department for the assessment year 2011-2012, while extending the stay order for a period of 180 days or till the disposal of the appeals whichever is earlier. 2. Sri. Pardiwala, learned counsel for the petitioner, submits that th....

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....e order is hereby stayed by this Court. For, on the earlier occasion, the learned Tribunal had extended the stay on the ground that the circumstances had not changed. The same condition exists even now. 5. A perusal of the interim order clearly reveals that the appeals have not been decided for no fault of the petitioner. The appeal is not being concluded as one or the other member has left the T....