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2019 (1) TMI 1058 - AT - Income TaxStay of demand - Penalty levied u/s 271AAB - Held that:- The assessee has already paid more than 41% of the demand and the stay was granted at the time of filing the appeal, however, due to release of the appeal, 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 appeal of the assessee is now fixed for hearing on 13/02/2019. The next date of hearing 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 petition allowed.
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