2018 (3) TMI 1703

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Seema Meena (JCIT) ORDER PER SHRI VIKRAM SINGH YADAV, AM This Stay application has been filed by the assessee against the penalty demand raised by the Assessing Officer u/s 271AAB of the Act which was later on revised u/s 154 of the Act totalling to Rs. 30,00,000/- vide order dated 18.11.2016. 2. The Ld. AR has submitted that the assessee has already deposited Rs. 10,00,000/- of the to....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed till disposal of appeal. 3. The Ld. DR is heard. He has opposed the stay petition and submitted that instead of stay of the balance demand, the assessee may be directed to deposit atleast 50% of the outstanding demand. 4. After hearing both the parties and perused the matter available on record, we find that the assessee has already deposited 1/3rd of the total outstanding demand of Rs. 3....