2018 (9) TMI 1942

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....sessee by: Shri R.S. Syali, Sr. Adv. Shri Tarandeep, CA Department by : Shri S.S. Kapil, Sr. DR. ORDER Amit Shukla, J.M. By way of this aforesaid stay application the applicant assesee seeks for extension of stay granted earlier by the Tribunal for the outstanding demand of Rs. 1,15,46,26,840/-. Before us Ld. Sr. Counsel Shri R.S. Syali submitted that this Tribunal vide order dated 12t....

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....n the part of the assessee therefore stay granted earlier should be extended for the further period of six months or till the passing of the order whichever is earlier. 2. He further pointed out that prima facie balance of convenience is in favour of the assessee because if the credit of MAT is allowed, then the entire demand will go in fact there would be refund due to the assesee and apart fr....

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....a facie balance of convenience in its favour for extending stay for the reason that :- Firstly, earlier this Tribunal after considering entire facts and circumstances has granted stay for the period of six months ; Secondly, there is fault on the part of the assessee in not conducting the appeals as the hearing could not take place for the reason that one of the issues involved h....