Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (12) TMI 693 - AT - Income TaxTransfer Pricing adjustment in respect of software development services - Stay petition - Held that:- We are of considered opinion that applicant has made out a prima-facie case on merits. The balance of convenience shifts in favour of assessee and, therefore, we are inclined to grant stay to assessee for year under consideration for a period of 6 months (180 days), or till the passing of the order whichever is earlier subject to making payment of ₹ 1.5 crores on or before 15/12/18. On making aforestated payment within stipulated time, Registry is directed to fix the appeal for hearing on 24/12/2018. Needless to say that assessee shall not seek any adjournment unless there being a cogent reason, otherwise this stay shall stand automatically vacated. In the result stay application filed by assessee stands allowed.
|