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2015 (5) TMI 1136 - AT - Income TaxExtension of stay - whether delay in hearing being not attributable to the assessee? - Held that:- This Tribunal in its order dated 31.10.2014 granted stay of recovery to the assessee for the balance remaining amount of total demand of ₹ 129,42,20,422. The assessee had already paid ₹ 60 crores out of the said demand. The stay was granted subjected to condition that assessee should pay a further sum of ₹ 9,42,20,422 before 30.11.2014. The stay was granted by the Tribunal considering the merits of the case, balance of convenience and financial position of the assessee. The assessee had complied with the conditions set out in the stay by effecting further payment of ₹ 10 lakhs on 25.11.2014. The case has been posted for hearing on 8.7.2015. We are satisfied that there is no delay attributable to the assessee. We therefore grant a further stay for a period of six months w.e.f. 1.5.2015, or till the disposal of the appeal, whichever is earlier.
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