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 arithmet

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