I have heard the parties on the Appellant's application dated 16.06.2023 seeking stay pending appeal from the decision of the Tax Appeals Tribunal. The application is allowed on terms that a stay of execution and or enforcement of taxes is granted pending this appeal on condition that the Appellant shall pay the Respondent Kshs. 1,000,000.00 it has offered to pay within 7 days from the date hereof and provide a guarantee of Kshs. 1,000,000.00 within 30 days from the date hereof. The Guarantee shall remain in force a period of one year unless otherwise extended by this court. In default of such compliance, the stay order shall stand discharged.
Mention on 27.09.2023 for directions on the appeal.
DATED and DELIVERED at NAIROBI this 2nd day of AUGUST 2023
D. S. MAJANJA
JUDGE