2019 (1) TMI 1263

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ehta (CIT) ORDER PER: VIKRAM SINGH YADAV, A.M. The assessee has filed the present stay application against the order of ld. JCIT, Range-2, Ajmer dated 11.05.2018 passed U/s 271D of the Act wherein he has raised a demand of Rs. 10 lacs for contravention of the provisions of Section 269SS of the Act. 2. At the outset, the ld. AR submitted that the AO has initiated penalty proceedings on ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....and submitted that the assessee may be directed to pay balance demand in suitable installments within a specified time frame. 4. Heard both the parties. Given the fact that the assessee has already deposited a sum of Rs. 3,50,000/- out of total tax demand of Rs. 10 lacs which is more than 35% of the total tax demand, the balance demand is stayed till 28.02.2019 or till disposal of appeal, which....