Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (10) TMI 1015 - AT - Income TaxSeeking for extension of stay granted - petitioner apprehends that if the earlier stay granted is not extended the Department may proceed to take coercive measures to recover the outstanding demand and thereby cause irreparable loss to the petitioner - it is not in a position to make payment of such huge demand raised against it. Held that:- We find that presently the appeal stands posted for hearing on 23.10.2012. In such facts and circumstances, we deem it fit and proper to extent the stay granted earlier, vide order dated.28.03.2012, till disposal of the appeal by this Tribunal or the statutory period of six months, whichever is earlier. The appeal stands posted on 23.10.2012 and no separate notice need be served on the assessee for the date of hearing as service of the order in this stay petition itself would suffice.
|