ITAT vacates stay on demand on flouting of terms of stay of demand

in this case, there is a very high demand i.e. more than 150 crores which is still outstanding to be payable by the assessee and the stay of demand was granted by the tribunal on the condition that the assessee will not seek adjournment except on genuine and bonafide reasons. The assessee has now come up with the additional grounds in relation to arithmetical inaccuracy in the workings provided in the DRP order which grounds are already covered by ground No. 1 and ground 12 to 14 which were already filed before the tribunal in the appeal memo as also admitted by the assessee and the assessee h...