2021 (7) TMI 1122

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.... MEMBER Assessee by: Shri Porus Kaka Revenue by: Shri T.S. Khalsa ORDER PER M. BALAGANESH (A.M): By virtue of this stay application, the assessee seeks to keep the demand raised for the A.Y.2015-16 in abeyance. 2. We have heard rival submissions and perused the materials available on record. We find that, out of the total demand raised on the assessee pursuant to rectification or....

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....bay High Court from time to time granting blanket extension of time. We find that assessee had indeed filed an application for extension of stay before the ld. AO vide letter dated 27/01/2021. This application was rejected by the ld. AO on the ground that assessee had already lost before the first appellate authority and the appeal is now pending only before the second appellate authority i.e. thi....

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.....Y.2014-15. The appeal for A.Y.2014-15 had already been heard by this Tribunal and order is awaited. When all the aforesaid facts were confronted to the ld. DR, he fairly submitted that the facts stated hereinabove are correct. 3.3. We find that assessee had already remitted more than 20% of the outstanding demand. We find that the provisions of Section 254(2A) of the Act read with first provis....