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2018 (3) TMI 1808 - ITAT CHENNAIStay for recovery of outstanding amount - transfer pricing adjustment made by the Assessing Officer - HELD THAT:- Dispute arises for consideration is relating to transaction of engineering design services and information technology support services. The assessee has purchased raw material and finished goods from the Associated Enterprise. This Tribunal is of the considered opinion that out of total demand of ₹ 9,55,56,640/-, the assessee has already paid ₹ 6,75,61,964/- and what remains is only ₹ 2,79,94,680/-. Now the assessee is willing to pay ₹ 60,00,000/-. Therefore, there is a prima facie case for grant of stay. Accordingly, the recovery of outstanding amount of ₹ 2,79,94,680/- is hereby stayed for a period of six months from today on the condition that the assessee shall deposit ₹ 60,00,000/- on or before 31-03-2018. If the assessee fails to deposit ₹ 60,00,000/- on or before 31-03-2018, the stay shall stand automatically vacated. The Registry is directed to post the appeal of the assessee for final disposal on 09-05-2018
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