2019 (5) TMI 790

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nt : Shri K.C. Devdas For the Respondent : Shri Y.V.S.T. Sai ORDER SHRI D.S. SUNDER SINGH, A.M.: This Stay Application is filed by the assessee seeking stay of outstanding demand of Rs. 39,92,21,960/- for AY 2014-15. 2. Ld. Counsel for the assessee submitted that the stay may be granted for recovery of outstanding demand till the disposal of the corresponding appeal as the assessee ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e squarely addressed by the Hon'ble Supreme Court judgment in the case of MC Kinsey Knowledge Centre India Pvt. Ltd., 102 Taxmann.com 439. He, therefore, submitted that the department also has a fair chance of succeeding in the appeal before the Tribunal, hence, objected for granting stay of outstanding demand. 4. We have heard the rival submissions and perused the material on record. In the in....