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2019 (4) TMI 2084 - ITAT DELHIStay petition - Addition u/s 68 - claim of exemption u/s 10 (38) denied - HELD THAT:- We find out of the total tax demand of Rs.28,12,330/- the assessee has already paid an amount of Rs.14,12,500/- plus Rs.8,50,000/- which is more than 50% of the total demand. We, therefore, find merit in the argument of the Ld. Counsel for the assessee that full stay should be granted to the remaining amount. We, therefore, grant stay on the realization of the balance outstanding demand for a period of 6 months from the date of this order or the order of the Tribunal whichever is earlier. The request of the assessee for out of turn hearing is also accepted and the appeal is fixed for hearing on 11.06.2019 which was announced in the open court. It was further announced that no separate notice of hearing shall be sent to which both the parties agreed. The stay application filed by the assessees is accordingly allowed. The request of the assessee for out of turn hearing is also accepted and the appeal is fixed for hearing on 11.06.2019 which was announced in the open court. As further announced that no separate notice of hearing shall be sent to which both the parties agreed. The stay application filed by the assessees is accordingly allowed.
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