M/s. Dow Corning India Pvt. Ltd. v. Deputy Commissioner of Income-tax, Range – 14(1)(1), Mumbai
[Citation -2016-LL-0923-65]
| Citation | 2016-LL-0923-65 |
|---|---|
| Appellant Name | M/s. Dow Corning India Pvt. Ltd. |
| Respondent Name | Deputy Commissioner of Income-tax, Range – 14(1)(1), Mumbai |
| Court | ITAT-Mumbai |
| Relevant Act | Income-tax |
| Date of Order | 23/09/2016 |
| Assessment Year | 2011-12 |
| Judgment | View Judgment |
| Keyword Tags | extension of time • stay of demand of tax |
| Bot Summary: | At the outset, the Ld. counsel for the assessee has submitted that the assessee has complied with the conditions of stay including deposit of further Rs.40 lakh out of the impugned tax demand as directed in the order dated 18.03.2016. He has further submitted that during the stay period, the assessee has never sought any adjournment of the hearing and the said stay period has expired on 17.09.2016, hence the present application for extension of the stay. He has demonstrated by giving a chart that during the stay period the matter was not adjourned due to any default on the part of the assessee but either by 2 SA No.334/M/2016 M/s. Dow Corning India Pvt. Ltd. the Bench or on the request of the Ld. D.R. He has further submitted that the main appeal was fixed for hearing on 12.01.2017. Keeping in view of the above submissions of the Ld. A.R., the stay of the recovery of the impugned demand is extended for a further period of six months from the date of this order or till the disposal of the appeal whichever is earlier from the date of this order and rest of the conditions of the stay order dated 18.03.2016 will remain the same. Order pronounced in the open court on 23.09.2016. |