2018 (9) TMI 409

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....SAINI, JUDICIAL MEMBER AND SHRI L.P. SAHU, ACCOUNTANT MEMBER For The Applicant : Shri Viplav Siwakoti And  Asst. of Counsel For The Revenue : Shri Surender Pal, Sr. D.R. ORDER PER BHAVNESH SAINI, J.M. This Order shall dispose of the stay application filed by the assessee on 03.11.2017 for stay of demand of Rs. 125 crores for A.Y. 2010-2011 arising out of the penalty under secti....

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....till the date of hearing, the department will not take coercive action for recovery of the demand. Both the parties were directed to complete the arguments of appeals on priority basis at the earliest, so that, the tax in dispute can get resolved expeditiously. It was also directed that both the parties shall not seek any adjournment in these appeals on 13.03.2018. The stay application and appeals....

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....ournment in the stay application as well as in the appeals, therefore, it is not a fit case for grant of stay in the matter. Accordingly, the request for adjournment of stay application was rejected and it was heard separately. 4. We may note that interim protection was granted by the Tribunal vide Order dated 23.02.2018 subject to direction to both the parties to argue both the appeals on prio....