2018 (9) TMI 2040

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....DR ORDER SUDHANSHU SRIVASTAVA, J. By means of this Stay Application, the assessee seeks extension of the stay order that was originally granted on 2.3.2016 in SA No.111/Del/2016. It could be seen from the record that the stay of demand relating to the AY 2011-12 was granted on the condition of the assessee depositing an amount of Rs. 15 crores in four equal instalments of Rs. 3.5 crores each o....

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....circumstances, we are of the considered opinion that the extension of stay cannot be denied to the assessee. Though the revenue pleads for a direction against the assessee for deposit of some amount, we do not see any reason for changing the terms of the order dated 2nd of March 2016. 3. For these reasons, the stay order dated 02/03/2016 (supra), extended thereafter from time to time is ordered t....