Court Dismisses Stay of Demand Petition; Revenue Promises No Coercive Actions, Only Refund Adjustments for Recovery.

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....Stay of demand - additions are not sustainable on the strength of earlier years’ order - ld.DR stated at the Bar that Revenue is not going to adopt any coercive measures in the shape of auctioning assets of the assessee for recovery of outstanding demand except adjusting the refund - no urgency of passing any order staying the outstanding demand at this stage - petition dismissed....