2019 (8) TMI 639

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....Jason P Boaz, Accountant Member For the Petitioner : Shri. K. R. Pradeep, Advocate. For the Respondent : Shri. Vikas Suryavamshi, Addl. CIT ORDER PER SHRI JASON P BOAZ, AM : This stay petition (SP) filed by the assessee arises out of the appeal in ITA No. IT(TP)A No.1471/Bang/2012 for Assessment Year 2008-09. 2. Briefly stated, the facts of the case are as under:- 2.1 The asse....

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....1,375/-; and 3. Disallowance under section 14A - Rs. 4,52,600/-. This resulted in raising of demand of Rs. 45,02,98,474/- (which includes an amount of Rs. 14,08,94,838/- on account of interest charged). 3. Before us, the learned AR for the assessee submitted that so far the assessee had made good tax demand to the extent of Rs. 18,80,14,448/- and the balance outstanding demand is Rs....

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....essee has made good / paid Rs. 18,80,14,448/- out of the total tax demand of Rs. 30,94,03,636/- (excluding interest charged under section 234B and 234D of the Act amounting to Rs. 14,08,94,838/-) which constitutes payment of tax of approx. 61%. Taking into account the facts and circumstances of the case, the fact that the assessee has paid approx. 61% of the tax demand raised and the balance of co....