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C.S. Garments Versus The Deputy Commissioner of Income-tax

2016 (10) TMI 526 - ITAT CHENNAI

Stay orders - recovery orders - Held that:- In this case, the assessee has paid substantial amount of ₹ 50 lakhs out of ₹ 1,38,79,161/-, which consisted of ₹ 98,35,011/- and ₹ 40,44,150/- towards tax and interest levied u/s.23 .....

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days from the date of this order or till the disposal of the appeal by the Tribunal, whichever is earlier. Further, we make it clear that the assessee shall not seek any unnecessary adjournment on the date of hearing. If the assessee wants to file an .....

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hri Duvvuru RL Reddy, Judicial Member Applicant by : Shri N. Vijaykumar, CA Respondent by : Ms. H. Kabila, JCIT ORDER Per Chandra Poojari, Accountant Member By this stay petition, the assessee seeks stay of outstanding disputed demand of ₹ 88,7 .....

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an addition of ₹ 3,01,04,150/- on account of bogus claim of expenses. He submitted that the assessee has incurred expenditure for job work like embroidery, stitching, checking and sequencing and it has been admitted to have been received by the .....

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eady paid ₹ 50 lakhs, the stay may be granted. 3. On the other hand, the ld. DR submitted that since the assessee has not brought on record any material to show that the assessee is facing financial hardship, the stay shall not be granted. 4. W .....

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