Case Law Details
United Spirits Ltd. Vs JCIT (ITAT Bangalore)
The issue under consideration is whether the second extension of stay of demand against ITAT appeal will be allowed to the assessee?
ITAT states that, the delay in not disposing of the appeal is not attributable to the assessee. There is no change in the facts and circumstances since the date of granting last stay. Accordingly, they are of the view that the balance of convenience is in favour of the assessee in extending the stay, even though this is second extension. Accordingly, ITAT are of the view that petition of the assessee seeking extension of the stay deserves to be allowed. Accordingly they extend the stay of collection of outstanding demand for further period of 6 months from the date of this order or till the date of disposal of the appeal, whichever period expires earlier.
FULL TEXT OF THE ITAT JUDGEMENT
The assessee has filed this stay application seeking extension of the stay granted by the coordinate bench of the Tribunal, vide its order dated 25/1/2020 passed in S.P No.2701/Bang/2017 for assessment year 2013-14.
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