2018 (3) TMI 1808

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....Chidambaram, Adv. for the Petitioner. Ms. S. Vijayaprabha, JCIT for the Respondent. ORDER N.R.S. Ganesan, The assessee has filed the present Stay Petition praying for stay for recovery of outstanding amount of Rs. 2,79,94,680/- for the assessment year 2013-14. 2. Sh. SP. Chidambaram, the Ld.counsel for the assessee, submitted that out of Rs. 2,79,94,680/-, tax portion comes to Rs. 1,56,11,1....

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....demand of Rs. 9,55,56,640/-, the assessee has already paid Rs. 6,75,61,964/- and what remains is only Rs. 2,79,94,680/-. Now the assessee is willing to pay Rs. 60,00,000/-. Therefore, there is a prima facie case for grant of stay. Accordingly, the recovery of outstanding amount of Rs. 2,79,94,680/- is hereby stayed for a period of six months from today on the condition that the assessee shall depo....