At, Income Tax Appellate Tribunal Delhi
By, THE HONOURABLE MR. R.S. SYAL
By, VICE PRESIDENT & THE HONOURABLE MR. K. NARASIMHA CHARY
By, JUDICIAL MEMBER
For the Applicant: Harpreet Ajmani, Advocate. For the Respondent: Subha Kant Sahu, Sr.DR.
R.S. Syal, VP:
1. By means of the present stay applications, the assessee seeks extension of the stay of outstanding demands granted by the Tribunal vide its orders dated 06.03.2018 in relation to the assessment years 2010-11 & 2011-12.
2. The ld. AR submitted that the conditions stipulated, while granting original stay, were duly complied with and the delay in disposing the appeals has not occurred due to the assessee. It was, therefore, prayed that the stay hitherto granted, may be extended. The ld. DR opposed the extension of stay.
3. We have heard the parties and perused the relevant material on record. It is indisputably found that the terms of the original stay have been duly complied with. The appeals could not be finally heard for one reason or the other, but, for no fault of the assessee. Taking a holistic view on the touchstone of the facts and circumstances of the instant case, we are inclined to grant extension of stay for a further period of six months from today or till the
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disposal of the appeals, whichever is earlier. 4. In the result, the stay applications are allowed.