2015 (4) TMI 1300

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....ta Jha and Ms Mehak Gupta For the Respondent : Ms Suruchi Aggarwal ORDER This writ petition is directed against the order dated 27.03.2015 passed by the Income Tax Appellate Tribunal in stay application No. 104/Del/2015 in I.T.A No. 961/Del/2015. By virtue of the said order, the Tribunal has granted conditional stay of recovery of the balance amount subject to the petitioner depositing Rs....

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....equired the petitioner to deposit is not on a sound basis. He submitted that the gross demand payable after excluding decided issues would come to about Rs. 161 crores. The said figure of Rs. 161 crores includes interest of approximately Rs. 59 crores. It is, therefore, submitted that the requirement of depositing Rs. 50 crores as a condition for the stay is very high compared to the demand (af....