2019 (4) TMI 348

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....Accountant Member For the Appellant : Shri R. Vijayaraghavan, Advocate For the Respondent : Ms. S. Vijayaprabha, Addl. CIT ORDER PER INTURI RAMA RAO, ACCOUNTANT MEMBER: The present stay petition is filed by the assessee seeking stay of demand of Rs. 4,91,49,730/- for the Assessment Year 2014-15. 2. It is submitted that the demand in question had arisen on account of ALP adjustmen....

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....balance demand. 2. On the other hand, the Ld. Sr. DR vehemently opposed the stay petition. 3. We heard the rival submissions and perused the material on record. The assessee could not make out a strong prima facie case on the receipts of addition to the returned income. However, considering the fact that the appellant already paid Rs. 2 crores out of the original demand of Rs. 6,91,49,730/-,....