2023 (5) TMI 1349

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.... the Assessee : Shri Ketan Ved, A/R. For the Revenue : Smt. Rinku Singh, CIT D/R. ORDER PER SANJAY GARG, JUDICIAL MEMBER : The present stay application is directed at the instance of the assessee for extension of grant of ad-interim stay of the outstanding demand amounting to Rs. 7,34,33,297/-. 2. The ld. Counsel for the assessee submitted that the Hon'ble ITAT was pleased to g....

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..... Until and unless that application is decided no demand will be recovered from the assessee. b) This order shall remain in operation for a period of 180 days or till the decision of the main appeal, whichever event occurs first. c) In other words, it is made clear that the stay is being granted by keeping in mind that rectification application is pending. In case it is decided t....