2019 (4) TMI 2084

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..... Anuragi, Sr. DR ORDER PER R.K. PANDA, AM The assessee through this stay application requests the Tribunal to stay the realization of outstanding demand of Rs. 13,99,830/-. 2. The Ld. Counsel for the assessee referring to the stay application submitted that the assessee is an individual and invested in shares of some listed companies. Those equity shares were sold in financial year 20....

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....50,000/-. 4. While explaining the merit of the case the Ld. Counsel for the assessee referring to various decisions submitted that under identical circumstances the various benches of the Tribunal has allowed the claim of exemption u/s 10 (38) of the IT Act. So far as the balance of convenience is concerned he submitted that the assessee does not have enough money right now to pay the huge tax ....