2016 (6) TMI 1412

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.... For the Petitioner : Shri T. Suryanarayan, Advocate For the Respondent : Shri K.A.Chandra Kumar, JCIT ORDER PER SHRI A.K.GARODIA, AM: This stay petition has been filed by the assessee seeking stay of outstanding demand of Rs. 34,587,830/-. 2. It was submitted by the ld. AR of the assessee that the earlier stay was granted by the Tribunal in SP No.139(B)/2015 dated 11-12-2015 for....

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....t of 50% of the outstanding demand i.e Rs. 3.46 Crores and the assessee had made this payment. The appeal was fixed for hearing on 05- 01-2016 and that day hearing could not take place for some reasons not attributable to the assessee and therefore, we feel it proper to grant extension of stay for a further period of 180 days from the date of expiry of earlier stay order or till the disposal of th....