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2019 (8) TMI 1476 - AT - Income TaxStay petition - applications seeking extension of stay granted - as submitted that the assessee has duly complied with the orders passed by the Tribunal and High Court in paying instalments before the due dates mentioned in the stay order AND appeal was posted for hearing on 03-07-2019, but on that date, the revenue sought adjournment - HELD THAT:- Balance of convenience is in favour of granting extension of stay, since the assessee has complied with the terms of the earlier order granting stay and further the non-disposal of the appeal was not on account of the assessee. Accordingly, we grant stay for a further period of six months from the date of this order or till the date of disposal of appeal, whichever period expires earlier. We make it clear that the assessee should not seek adjournment on the date of hearing without reasonable cause, failing which the present stay order shall be subjected to review by the division bench hearing the appeals.
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