S. Santhanalakshmi v. The Assistant Commissioner of Income-tax, Central Circle 2(2), Chennai
[Citation -2016-LL-0930-220]
Citation | 2016-LL-0930-220 |
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Appellant Name | S. Santhanalakshmi |
Respondent Name | The Assistant Commissioner of Income-tax, Central Circle 2(2), Chennai |
Court | ITAT-Chennai |
Relevant Act | Income-tax |
Date of Order | 30/09/2016 |
Assessment Year | 1986-87, 1987-88, 1988-89, 1989-90, 1990-91, 1991-92, 1992-93, 1993-94, 1994-95, 1995-96, 01/04/1996-24/09/1996 |
Judgment | View Judgment |
Keyword Tags | outstanding demand • undisclosed income • source of income • block assessment • stay petition |
Bot Summary: | Counsel for the assessee has submitted that in the first round of litigation, the Tribunal I.T(SS). Against the above order, the assessee has preferred an appeal before the Tribunal and pending completion of hearing as both parties have taken adjournment for one reason or other ever since the present appeal is posted for hearing from 23.09.2008 to till last hearing on 10.08.2016. To avoid any hardship to the assessee by means of recovery proceedings, the ld. Counsel for the assessee has prayed that the stay may be granted till final disposal of the appeal. Counsel for the assessee has pleaded that if the Department initiate recovery proceedings, the petitioner does not have any source of income to make the payment of the huge taxes in dispute and neither can she resort to outside borrowings, as she does not have any sources to repay the same too and moreover she does not possess enough liquidity or bank balances also. If the delay in concluding the hearing is directly attributed on the part of the assessee the stay granted hereinabove shall stand automatically vacated. With the above condition, the stay petition filed by the assessee is disposed off. |