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Case Law Details

Case Name : City & Industrial Development Corporation of Maharashtra Ltd. Vs. ACIT (ITAT Mumbai)
Related Assessment Year : 2006-07
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Assessee is an agent of Government of Maharashtra and also considering the fact that Hon’ble High Court granted stay to the assessee for the recovery of the demand when the appeal was pending before ld CIT(A), we hold that the assessee has a prima facie case for grant of stay for recovery of the dues pending disposal of appeal before the Tribunal. Hence, we grant stay for recovery of the demand for A.Y. 2006-07 for a period of 6 months or till disposal of the appeal whichever is earlier.

At the time of hearing, it was agreed

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