Case Law Details
Brief of the Case
ITAT Mumbai held in the case of Goldman Sachs (India) Securities Private Limited vs. ACIT that application for further stay is in favour of assessee. The reasons are that firstly, there is no change in the facts and circumstances since the last stay was extended by the Tribunal, and secondly, the major demand which has been raised prima facie appears to be covered by the decision of the Tribunal in the assessee’s own case for the earlier as well as subsequent assessment years. Under these facts and circumstances, we are of the opinion that it is fit case for extending the stay for the further period of six months or till the date of passing of the order in the appeal, whichever is earlier.
Facts of the Case
By this Stay Application, the assessee seeks for further extension of stay of outstanding demand of Rs. 49, 85, 50,051/-.
Contention of the Assessee
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