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2021 (9) TMI 1049 - HC - Income TaxStay of passing of final/draft assessment order pursuant to the AAR Ruling [2018 (6) TMI 618 - AUTHORITY FOR ADVANCE RULINGS, NEW DELHI] - HELD THAT:- This Court is of the view that till the present proceedings are disposed of it would not be appropriate to pass assessment orders pursuant to the impugned AAR Ruling dated 06th June, 2018 especially when the tax is being fully deposited by the petitioner. Following the principle of consistency, this Court clarifies that the stay order dated 12th October, 2018 as made absolute on 5th August, 2019 applies to all assessments of the petitioner-applicant which will be consequent to the AAR Ruling [supra] till the disposal of the present writ petition. It is clarified that by virtue of the present interim order, the respondents shall be entitled to the benefit of Explanation 1(ii) of Section 153 of the Income Tax Act.
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