2016 (11) TMI 1018

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..... Kaushik, Sr. Standing Counsel JUDGEMENT The petitioner seeks a direction for quashing of a demand by the revenue to the tune of over Rs. 33.65 crores. The ground urged in support of this petition is that in concluding the assessment, the Assessing Officer (AO) adopted the "Bright Line" Test favoured by the Special Bench of the Income Tax Appellate Tribunal (ITAT) in LG Electronics v. CIT [ITA No .....

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..... stion could not have been enforced pending the assessee's appeal before the ITAT. The respondents are, therefore, directed to keep the demand in abeyance and not take any coercive measures till the final decision by the ITAT in the assessee's appeal. The final order of the ITAT shall be given due tax effect. Nothing in this order shall preclude the contentions of the parties on the merits .....

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