2019 (1) TMI 995

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....AO, J.M. By way of these Stay petitions, the assessees are seeking stay against the outstanding demand of penalty levied U/s 271AAB of the Income Tax Act, 1961 (in short the Act.) 2. We have heard the ld. AR of the assessee as well as the ld DR and considered the relevant material on record. The penalty levied by the Assessing Officer U/s 271AAB of the Act and enhanced by the ld. CIT(A) to Rs. 3....

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....n view of these facts that the assessee have already paid 1/3rd of the demand and the stay was granted at the time of filing the appeals, however, due to release of the appeals, the stay granted by the Tribunal was expired, we find it proper to grant stay against the balance outstanding demand up to 28/2/2019. The appeals of the assessees are now fixed for hearing on 06/3/2019, however, in view of....