ITAT Grants further Stay to Infosys against Income Tax Demand of Rs.1564 Cr

Infosys Ltd. Vs DCIT (ITAT Bangalore) This stay petition is filed by the assessee seeking extension of stay granted by the Tribunal in SP No.83/Bang/2021 dated 29.10.2021 against the outstanding demand of Rs.1029,20,96,950 for the assessment year 2012-13. 2. The ld. AR submitted that the extension of stay was earlier granted by the Tribunal in this case vide order dated 29.10.2021 for a period of six months. Consequently the appeals were listed for hearing before the Tribunal on various occasions from 26.3.2018 to 13.04.2022 and was either adjourned by the Bench or adjourned at the instance of...