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2015 (4) TMI 878 - ALLAHABAD HIGH COURT

2015 (4) TMI 878 - ALLAHABAD HIGH COURT - TMI - Interim stay application - Held that:- It has been held by the Tribunal that the assessee was still in the process of constructing the building for charitable purpose. That he claimed that the order of the Assessing Officer treating the corpus donation as the income of the assessee was not justified.

In these circumstances, the Tribunal was proceeded to grant a conditional stay order. The assessee has been directed to deposit a further s .....

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or the appellant and the counsel for the Department. The appellant before this Court made an application for stay before the Income Tax Appellate Tribunal, Agra, Bench in S.A. No.01/Agra/2012, arising out of the order of the C.I.T. (A), pertaining to the assessment year 2011-12. The assessee requested for a complete stay of the demand as raised against him under the impugned assessment i.e. ₹ 3,27,68,450/-. The assessee had deposited a sum of ₹ 30lacs earlier. The interim stay applic .....

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