2019 (2) TMI 1979

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.... Assessee by : Mr. Devendra Jain, 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 incorporat....

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....additions. In appeal, the Ld. CIT(A) relied 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....

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....ons and perused the relevant materials on record. After considering the entire conspectus of the facts, we deem it appropriate to grant the stay of outstanding demand till the disposal of the appeal or a period of 180 days from the date of this order, whichever is earlier subject to payment of 15% of Rs. 6,38,99,650/- by 15.03.2019. This stay is subject to the condition that the assessee shall fil....