2019 (4) TMI 309

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.... Per Shamim Yahya, A. M.: By way of these stay applications the assessee seeks stay of outstanding demand of tax and interest for Assessment Years (A.Y. for short) 2010-11 and 2011-12 amounting to Rs. 43,67,28,395/- and Rs. 44,36,51,280/-. 2. The assessee is a Private Limited Company carrying out the business of operating a semi closed payment system for several years. The Assessing Officer (A.O....

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....stay in this case which operates upto 7th March, 2019. In similar circumstances, in earlier year the tribunal had granted early hearing and short stay upto 15.03.2018 vide order dated 23.02.2018. 3. The ld. Counsel of the assessee in these circumstances has prayed for an absolute stay of demand. However, the ld. Departmental Representative (ld. DR for short) submitted that absolute stay of demand....