TaxTMI 
TaxTMI 
2007 (4) TMI 285
X X X X Extracts X X X X
X X X X Extracts X X X X
....ition requesting the Tribunal to stay the following demand stated to be outstanding in respect of the assessment framed for assessment year 2003-04. Tax 65,522,886 (+) Interest 21,961,047 ---------- 87,483,933 (-) Amount already paid 45,601,113 ---------- Amount outstanding 41,882,820 2. The registry had posted this stay petition for hearing on Friday 30-3-2007, when normally the stay petitio....
X X X X Extracts X X X X
X X X X Extracts X X X X
....pen court. The learned Departmental Representative who was present was directed to convey the interim stay granted by the Tribunal to the concerned revenue authorities. Apart from this, the Registry was also directed to furnish the order-sheet entries of the Bench to the revenue authorities for the same to be effectively communicated. When the stay petition was listed for hearing on 30-3-2007, the....
X X X X Extracts X X X X
X X X X Extracts X X X X
....4-2007. 3. On 2-4-2007, the learned Departmental Representative appeared along with Shri S.A.R. Shaikh, the ACIT and Shri Y.D. Sharma, Additional CIT, Range 3. The revenue authorities, who appeared, pleaded that the recovery has been done in the month of March without any force and the Assessing Officer pointed out that he was willing to refund the amount within a day's time, if so directed by th....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Departmental Representative and gave the cheque drawn in favour of the assessee in our presence. They further pleaded that further proceedings in the matter may be dropped and absolutely they had no intention to violate the orders of the Tribunal. It was done with a good intention and in zeal to recover the outstanding arrears. The learned counsel for the assessee, on the other hand, also pleaded ....