2019 (2) TMI 1979

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.... AR Revenue by : Mr. Maurya Pratap, DR ORDER PER N.K. PRADHAN, AM By means of the present stay application, the assessee seeks to get the stay of demand amounting to Rs. 6,38,99,650/- inclusive of interest of Rs. 2,63,93,258/- for the assessment year 2013-14 till the final disposal of appeal. 2. The assessee is a private limited company incorporated in India engaged into service industry pr....

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....on TPO's observation determining the operating profit to sales ratio to be 14.29% which has been applied on the entire turnover, thus enhancing the adjustment made to Rs. 12,09,93,860/-. Consequently, demand of Rs. 6,38,99,650/- was raised by the AO vide order giving effect to CIT(A)'s order. It is stated that as the Ld. CIT(A) has not considered certain binding jurisdictional pronouncements while....