Assessee filed petition seeking stay of outstanding demand while appeal was pending before Tribunal. Agreed to deposit 20 percent of disputed demand-Stay was granted to assessee for a period of six months or till such time appeal filed by assessee was disposed off by Tribunal. (AY. 2016-17)
Hyundai Motor India Ltd. v. NEAC (2022) 197 ITD 196 (Chennai) (Trib.)
S. 254(2A) : Appellate Tribunal-Stay-Collection and recovery-Assessee deemed in default-Stay of recovery-Appeal is pending before Tribunal-Agreed to deposit 20 percent of disputed demand-Stay was granted to assessee for a period of six months or till such time appeal filed by assessee was disposed off by Tribunal. [S. 220, 254(1)]