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2015 (5) TMI 497

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..... the relevant records, the petitioner/assessee did not file any profit and loss and the Balance Sheet involving the correct turnover for the year 2009-2010. It was accordingly, that 50% addition was made to the reported turnover and the proceedings were finalized. The proceedings filed before the appellate authority were considered by the said authority. The objection raised from the part of the p .....

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..... a Annamma Eapen, Sr. Govt. Pleader JUDGMENT 1. Correctness and sustainability of the condition imposed by the appellate authority as per Ext.P7 order dated 22.08.2014, directing the petitioner to satisfy 30% of the outstanding demand, so as to enjoy the benefit of interim stay during the pendency of appeal, is under challenge in this writ petition. 2. The sequence of events reveals tha .....

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..... above. This made the petitioner to approach this Court by filing this writ petition. 3. Heard the learned Government Pleader as well, who made a reference to the pleadings and proceedings, particularly the contents of Ext.P4 order as to the suppression of the facts made by the petitioner. It is pointed out that, the petitioner was served with proper notice and objection submitted by him was dul .....

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..... t find any reason to call for interference as the appellate authority has exercised the discretion in a proper manner. Interference is declined and the writ petition is dismissed. Since the time limit fixed is already over, the petitioner is granted a further time of 'three weeks' to comply with the condition imposed so as to avail the benefit of interim stay. 5. The petitioner shall pr .....

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