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High pitched assessments: 100% demand stay must be Granted
Case Law Details
- Case Name
- Dimension Data Asia Pacific Pte Ltd Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011- 12
- Courts
- All ITAT, ITAT Mumbai
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CA Suraj R. Agrawal
Brief of the Case:-
The Tribunal granted 100 percent stay of demand because (a) the assessed income was more than 10 times the returned income. (Instruction 96 of 1969 was relied upon) & (b) The stand taken by the AO was at variance with the stand taken by TPO.
Case Summary:-
Facts of the case:
The petitioner is engaged in the business of profit management support services to group entities in Asia Pacific Region.
During Assessment Year 2011-12 the Petitioner has rendered management support services to its 100 percent Indian subsidiary, DDIL and has received a manageme...
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