2018 (11) TMI 1580

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....titioner : Shri S.Ramasubramanian, CA. For The Respondent : Smt. Sreenandini Das, Addl.CIT(DR) ORDER Per INTURI RAMA RAO, AM : This is a stay petition filed by the assessee-company seeking grant of stay of outstanding demand of Rs. 14,59,84,694/- for the assessment year 2014-15. It is stated in the said petition that the demand in question had arisen on account of arm's length price (A....

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....-AE is not permissible. Therefore, learned Departmental Representative made a vehement plea that the assessee-company be directed to pay at least 50% of the disputed tax demand. 2. We heard rival submissions and perused the material on record. The demand in question had arisen on account of ALP adjustment in respect of international transaction of Rs. 29,60,30,584/-. The main contention by the ....