2018 (3) TMI 1846

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....M.S. Syali, Sr. Advocate Shri Tarandeep Singh, C.A. For Respondent: Shri G.C. Srivastava, Special Counsel ORDER Bhavnesh Saini, J.M. The assessee filed the present Stay Application seeking stay against the outstanding demand of Rs. 115,46,26,840/- for A.Y. 2012-2013. 2. We have heard the learned Representatives of both the parties and perused the material on record. 3. Learned Co....

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....for the Assessee submitted that assessee has a prima facie case, for grant of absolute stay. He further submitted that appeal of assessee has been heard finally today i.e., on 12th March, 2018. He has further submitted that vide order dated 06th December, 2017, the Tribunal has granted interim stay in the present stay application by directing the Revenue not to take coercive step for recovery of t....

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.... other hand, Shri G.C. Srivastava, Special Counsel for the Revenue, did not object to the submissions of the Learned Counsel for the Assessee on stay matter. 5. Considering the facts of the case in the light of material on record and that appeal of the assessee has been heard today and judgment is awaited, we are of the view that interim order granted on 06th December, 2017, could be confirmed ....