Agra Development Authority v. Commissioner Of Income Tax Agra & 3 Others
[Citation -2015-LL-1106-1]
Citation | 2015-LL-1106-1 |
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Appellant Name | Agra Development Authority |
Respondent Name | Commissioner Of Income Tax Agra & 3 Others |
Court | HIGH COURT OF ALLAHABAD |
Relevant Act | Income-tax |
Date of Order | 06/11/2015 |
Judgment | View Judgment |
Bot Summary: | An assessment order has been passed against the petitioner and a demand of approximately Rs.22 Crores have been made. The petitioner has filed an appeal before the Ist Appellate Authority recently in October, 2015 along with a stay application. Having heard the learned counsel for the parties, we dispose of the matter directing the Ist Appellate Authority to consider the stay application of the petitioner and pass an appropriate order after giving an opportunity of hearing within six weeks from today. It has been stated at the Bar that the petitioner has deposited Rs.3.15 Crores. We are of the opinion, that the petitioner should deposit another sum of Rs.1.85 Crores on or before 25th November, 2015. If the amount is deposited, the balance amount shall not be recovered till the disposal of the stay application by the Ist Appellate Authority. |