2021 (8) TMI 1033

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....l Member For the Appellant : Ms. Fereshte Sethna And Sh. Hasmukh Ravaria For the Respondent : Sh. Mahesh Shah ORDER PER VIKAS AWASTHY, J.M: The assessee has filed present application seeking extension of stay on recovery of outstanding demand for Assessment Year (AY) 2011-12. 2. Ms. Fereshte Sethna appearing on behalf of the assessee submitted that the Tribunal in first Stay Application (S.A....

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....le disposing of assessee's Stay Application in S.A. No. 319/Mum/2019(supra). The ld. Authorized Representative (AR) submitted that the delay in hearing of appeal is not attributable to the assessee, therefore, the recovery of outstanding demand be extended in terms of Tribunal order in S.A. No. 108/Mum/2016 (supra). 3. On the other hand, Shri Mahesh Shah representing the Department vehemently opp....

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....It would be relevant to mention here that the assessee had filed extension of stay in S.A. No. 319/Mum/2019, the co-ordinate bench vide order dated 04.09.2019 extended the stay for a period of six months subject to further deposit of Rs. 25 crores in two equal instalments of Rs. 12.50 crores each to be deposited by the end of September, 2019 and October 2019, respectively. The assessee challenged ....