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2015 (7) TMI 902 - AT - Income TaxExtension of stay order - Delay in disposal of appeal - Held that:- Delay in hearing and disposal of appeal is not attributable to the assessee since the stay was last extended vide order dated 18.07.2014. Further, we do not agree with the contention of the Ld. Counsel for the revenue that the stay should not be extended withut further deposit because the Hon'ble High Court vide order dated 23.06.2014 has set aside the directions given by the Tribunal for further deposit at the time of granting the extension of stay. Accordingly, in view of the facts and circumstances of the case when the delay in disposal of appeal is not attributable to the assessee and in the light of the order of Hon'ble High Court [2014 (7) TMI 177 - BOMBAY HIGH COURT], the assessee has made out a case for further extension of stay. Accordingly we extent the stay against the recovery of balance demand of ₹ 267.26 crore for a further period of six months or till disposal of the appeal whichever comes earlier. - Stay granted.
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