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2021 (8) TMI 981 - AT - Income TaxStay of recovery proceedings - Grant of stay for six months or till the disposal of the appeal, whichever occurs first - HELD THAT:- We find that the facts and circumstances which prevailed with our Coordinate Bench in granting stay on the recovery of the demand, continues to prevail. It is also borne out from the records that the delay in disposal of appeal pending before the tribunal cannot be attributable to the conduct of the applicant-assessee. Now, it has been brought out that the corresponding appeal is listed for hearing before a regular bench on 06.09.2021 and applicant is ready to argue the same. In these circumstances, we deem it fit and proper to extend the stay on the recovery of outstanding demand for a period of 180 days from today or till the disposal of the appeal, whichever is earlier.
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