Tribunal held that no case had been made out by the assessee for stay of demand on all the grounds of prima facie case, balance of convenience, irreparable loss and financial difficulties and hence the stay petition filed by the assessee was liable to be dismissed.( AY.2015-16)
G. Hemalatha (Smt.) v .ACIT (2020) 80 ITR 456 (Chennai) (Trib)
S. 254(2A): Appellate Tribunal –Stay- No case made out for stay of demand – Irreparable loss and financial difficulties — Stay petition dismissed [ S.254(1)]