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2021 (6) TMI 391 - AT - Income TaxStay of demand - Demand raised u/s 201 (1) - HELD THAT:- We feel it proper to grant stay for six months from the date of this order or till the disposal of appeals whichever is earlier because we find that the payment already made by the assessee is about 52% of total outstanding disputed demand of tax and interest. As pointed out by the assessee that the date of hearing fixed at present for these appeals are 27/4/2021 and that one of the issues involved is about Secondment aspect is pending before special bench of the Tribunal. Based on the above we granted stay of outstanding demand for a period of 6 months or till the disposal of appeal whichever is earlier. Assessee shall not seek adjournment in course of hearing of these appeals without justifiable reasons and if the assessee does so, the stay granted as per this order shall stand vacated automatically. The revenue should also come prepared on this date of hearing and should not seek any adjournment without justifiable reasons. Stay petitions filed by the assessee are allowed.
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