2019 (3) TMI 392

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.... Member For the Assessee : Shri S. Rama Rao For the Revenue : Shri Y.V.S.T. Sai,CIT(DR) ORDER PER SMT. P. MADHAVI DEVI, J.M. These stay applications are filed by the assessee seeking stay of the recovery of the outstanding demand of tax for the A.Ys 2007-08 to 2011-12. The total outstanding tax for these years is Rs. 27,77,94,727/-. 2. The learned Counsel for the assessee submitt....

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.... appeal by the CIT (A) and during the survey proceedings, the Managing Director of the assessee company had given two post- dated cheques for Rs. 1.00 crore each but the same were not honoured inspite of giving sufficient time. The learned DR has also brought out the list of corporate debtors of the assessee who were sent notices u/s 226(3) for attaching of the receivables of the assessee, but the....