Demand Stay extension valid, if no change in facts from last stay

Brief of the Case ITAT Mumbai held in the case of Goldman Sachs (India) Securities Private Limited vs. ACIT that application for further stay is in favour of assessee. The reasons are that firstly, there is no change in the facts and circumstances since the last stay was extended by the Tribunal, and secondly, the major demand which has been raised prima facie appears to be covered by the decision of the Tribunal in the assessee’s own case for the earlier as well as subsequent assessment years. Under these facts and circumstances, we are of the opinion that it is fit case for extending the s...