Dismissing the stay the Tribunal held that the assessee has not proved prima facie case balance of convenience, irreparable loss and financial difficulties hence stay petition was dismissed. (AY. 2011-12)
Shantananda Steels (P.) Ltd. v. ITO (2020) 182 ITD 434 / 195 DTR 417/ 208 TTJ 672 (Chennai)(Trib.)
S. 254(2A) : Appellate Tribunal-Stay-Cash credits-No case has been made for stay of recovery-Stay application is rejected. [S. 68, 220, 226]