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2019 (1) TMI 995 - AT - Income TaxStay of demand - Penalty levied u/s 271AAB - Held that:- Assessee have already paid 1/3rd of the demand and the stay was granted at the time of filing the appeals, however, due to release of the appeals, the stay granted by the Tribunal was expired, we find it proper to grant stay against the balance outstanding demand up to 28/2/2019. The appeals of the assessee are now fixed for hearing on 06/3/2019, however, in view of the stay granted to the assessee up to 28/2/2019, the hearing of the appeals is prepone to 14/2/2019. The next date of hearing as pre-pone by us has been announced in the open court and has been noted by both the parties, therefore, no separate notice shall be issued in this regard. The parties are directed not to take any adjournment except in unavoidable circumstances. Stay petitions are allowed.
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