ORDER

Per Annapurna Gupta, Accountant Member:

These four applications by different assessees seeking stay of outstanding demand of tax for the impugned years, were pointed out by the Ld. Counsel for the assessee Sh. Sachit Jolly, Sr. Advocate,to have come up before us in the background of identical facts and circumstances. It was also pointed out that the ITAT in a group of 44 stay applications of different assessees had deal with the grant of stay in facts and circumstances identical to the present assessees before us, granting complete stay of demand in all the cases and listing all the appeals for hearing on 08.05.2025.

The Ld. Counsel for the assessee pointed out that the impugned applicants before usare all based in Ireland and are engaged in the business of leasing aircraft,and all the applicants had leased their aircrafts to a single entity in India i.e. Inter Globe Aviation limited (INDIGO) on dry operating lease basis. The applicants had received income on account