2021 (8) TMI 981

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....by : Mr. Neeraj Jain, Adv. & Mr. Abhishek Agarwal, Adv. Respondent by : Mr. M. Baranwal, Sr. DR. ORDER This Stay Application u/s 35A of the Income-tax Appellate Tribunal Rules, 1963 has been preferred by the assessee, seeking extension of stay of balance outstanding demand of Rs. 12,72,54,710/-. 2. The Ld. Representative stated that the Hon'ble Tribunal vide its order dated 27.3.2015 o....

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....as also extended accordingly. He further explained that the appeals of the assessee have come for hearing but the same is not concluded and is now fixed for 06.09.2021. It is contended that the record of proceedings shows that no delay can be attributed to the assessee in disposal of the appeal. He further submitted that on the last date of hearing i.e. on 28.7.2021 the matter got adjourned to 06.....

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....is no necessity for insisting on further payment of demand. He however, undertakes to argue the matter as and when it comes up before the Bench and facilitate early disposal of the appeal. In view of above, he prayed for grant of stay for six months or till the disposal of the appeal, whichever occurs first. 3. Having heard the rival contentions, we find that the facts and circumstances which p....