2020 (10) TMI 1232

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e For the Respondent : Shri Abani Kanta Nayak, CIT ORDER Per Duvvuru RL Reddy, Judicial Member: The assessee filed the petition seeking grant of stay from recovery of the outstanding disputed demand of Rs..37,05,16,734/- till the final disposal of the appeal for the assessment year 2015-16. 2. It was the submission of the ld. Counsel for the assessee that stay was granted by the Tribunal vi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....aken up for hearing, the ld. Counsel for the assessee sought for an adjournment and the case was adjourned to 18.01.2021. The assessee filed the present stay petition for grant of stay of recovery of outstanding demand. It was the submission of the ld. Counsel that the assessee has paid 20% of disputed demand and due to pandemic, the assessee is unable to pay the balance disputed demand. He furthe....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e, the interim order was passed on 25.02.2020 and thereafter it was extended on 17.03.2020. Thereafter, the Bench did not function. The assessee did not file any document establishing financial difficulties. However, the ld. Counsel for the assessee pleaded that due to pandemic, the assessee is unable to run the business and faced difficulties to pay the outstanding demand. Considering the present....