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2018 (12) TMI 1143 - AT - Income TaxRevision u/s 263 - rejection of application u/s 12AA - Held that:- There is no dispute with regard to the fact that question of validity of rejection of application for registration u/s 12AA of the Act is pending before this Tribunal. It is also not disputed that the assessments have been framed in pursuance to rejection of application u/s 12AA of the Act. Ld. Counsel for the assessee has relied on the judgement of Hon'ble A.P. High Court in the case of ITO Vs. Khalid Mehdi Khan [1977 (1) TMI 26 - ANDHRA PRADESH HIGH COURT] thus we hereby direct the A.O. to stay the assessment proceedings for a period of 60 days or till the disposal of present appeal as pending whichever is earlier. - Registry is directed to fix the hearing of appeal on 15.01.2019, in view of the Hon'ble President’s directive to disposal of stay granted matters expeditiously.
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