2016 (3) TMI 1334

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....rasia, Sr. DR ORDER PER R. S. SYAL, AM: By means of the present stay application, the assessee requires the Tribunal to stay the outstanding demand of Rs. 63,71,370/- inclusive of interest, till the disposal of the captioned appeal by the Tribunal, for the Assessment Year 2011-12. 2. The ld. AR submitted that the major addition leading to this demand is on account of transfer pricing a....

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....y of its immovable properties till the final disposal of the present appeal. The assessee will also not be entitled to seek any adjournment without just cause. In case any of the terms and conditions is/are violated, the stay herein granted shall be vacated and appeal will revert to its original position to be fixed in routine manner. With these observations, and subject to the above terms and con....