ITAT Grants the Stay of Demand for 2nd Time to Assessee as MAP Proceedings are Still Pending

Skoda Auto Volkswagen India Private Ltd. Vs. DCIT (ITAT Mumbai) The issue under consideration is whether the stay of demand will be granted for the 2nd time to the assessee or not? ITAT states that, the AR reiterated that Mutual Agreement Procedure (MAP) proceedings are still pending with competent authority for year under consideration and the same shall have direct bearing on assessed income. It has been submitted that MAP proceedings are underway and likely to be settled. The assessee has duly complied with all the conditions imposed in earlier stay orders including partial payment of outst...