Tribunal held that since authorities below had dealt with stay petitions of assessee in a reasonable manner and there was no perversity or unreasonableness in their approach, no occassion was there for Tribunal to interfere in impugned matter . Power of Tribunal to grant stay on collection/recovery of demands during pendency of appeal could not be exercised in a routine manner simply on basis of an assessment of prima facie merits in appeal . ( AY. 2015 -16)
Kersiwood Holdings Ltd. v. ACIT (2020) 181 ITD 170 (Mum) (Trib.)
S. 254(2A): Appellate Tribunal –Stay- CIT (IT ) had already granted stay on collection of disputed demands till disposal of appeal on condition that assessee paid 30 per cent of demand- Order of stay being in a reasonable manner ,order is affirmed . [ S.143(3) 144C]