Shenzhen Shandong Nuclear Power Construction Co. Ltd. v. Dy. CIT, (IT)-II, Ahmedabad
[Citation -2016-LL-0930-196]
| Citation | 2016-LL-0930-196 |
|---|---|
| Appellant Name | Shenzhen Shandong Nuclear Power Construction Co. Ltd. |
| Respondent Name | Dy. CIT, (IT)-II, Ahmedabad |
| Court | ITAT-Mumbai |
| Relevant Act | Income-tax |
| Date of Order | 30/09/2016 |
| Assessment Year | 2009-10 |
| Judgment | View Judgment |
| Keyword Tags | outstanding demand |
| Bot Summary: | Vide these stay applications, the assessee is seeking extension of stay which was granted earlier in five occasions i.e., latest on 01.4.2016 vide the order of the Tribunal in SA Nos.341 342/Mum/2016. During the proceedings before us, Ld Counsel for the assessee demonstrated that this is the sixth extension of stay of demand and there is no change in the facts. In the back ground of the above facts, it is the prayer of the Ld Counsel for the assessee that the stay of demand for both the AYs under consideration may further be extended for a period of 180 days or disposal of the appeals, whichever is earlier. On the other hand, Ld DR has objected the assessee s prayer for further extension of the stay and insisted that the assessee may be asked to pay some amount out of the outstanding demand in the interest of Revenue. Considering the same, we are of the opinion that this is a fit case to extend the stay of demand for both the AYs under consideration for a further period of 180 days from the date of this order or disposal of appeals whichever is earlier. Accordingly, both the Stay Applications filed by the assessee are allowed. In the result, Stay Applications filed by the assessee are allowed. |