2026 (7) TMI 957

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.... For the Revenue : Shri. Sundarasan S, CIT(DR) ORDER PER BALAKRISHNAN S, ACCOUNTANT MEMBER : This Stay Application (SA) is filed by the assessee seeking stay of recovery of outstanding demand of Rs. 4,28,50,232/- arising out of the Order passed under section 143(3) r.w.s. 144B of the Act dated 27.04.2021. 2. The learned AR submitted that assessee was an agent of Thomas Cook (India) Lt....

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....e is willing to furnish the necessary documents before the AO and any coercive action by the Revenue for recovery of outstanding demand would cause financial hardship to the assessee and hence prayed for stay of recovery of outstanding demand. He also further submitted that assessee is willing to co-operate with the Revenue in the appeal proceedings without seeking unnecessary adjournments and ple....