Shri Salasar Infrastructures & Developers v. Income-tax Officer, Ward-14(1), Hyderabad
[Citation -2019-LL-0904-59]
| Citation | 2019-LL-0904-59 |
|---|---|
| Appellant Name | Shri Salasar Infrastructures & Developers |
| Respondent Name | Income-tax Officer, Ward-14(1), Hyderabad |
| Court | ITAT-Hyderabad |
| Relevant Act | Income-tax |
| Date of Order | 04/09/2019 |
| Assessment Year | 2012-13 |
| Judgment | View Judgment |
| Keyword Tags | outstanding demand • stay petition • stay of demand of tax • early hearing of appeal |
| Bot Summary: | PAN: ADIFS3323B Assessee by Sri Murali Mohan Rao Revenue by Smt. Matta Padma, DR Date of hearing 30/08/2019 Date of pronouncement: 04/09/2019 ORDER PER A. MOHAN ALANKAMONY, AM. This Stay Application is filed by the assessee seeking stay from recovery of collection of outstanding demand of Rs. 13,94,921/- for the assessment year 2012-13. At the outset the Ld. AR submitted before us that the assessee has already paid Rs. 53,538/- against the total outstanding demand of Rs. 14,48,459/- and balance to be payable is Rs. 13,94,921/-. Further Learned Counsel for the Assessee submitted that at present the assessee is undergoing huge financial crisis and the situation is very precarious and hence unable to make any further payment of tax. The financial constraints of the assessee cannot be the lone ground for seeking stay from recovering the outstanding demand. In the interest of justice we hereby grant early hearing to the assessee and accordingly we direct the Registry to post the appeal for hearing on 16/09/2019 and intimate both the parties promptly. Further, in order to contain the hardship faced by the assessee, we hereby grant short stay till 30th September, 2019 or until the pronouncement of the order whichever is earlier. In the result, Stay Petition of the assessee is partly allowed as indicated hereinabove. |