Case Law Details
Infosys Ltd. Vs The ACIT (ITAT Bangalore)
The issue under consideration is whether the stay application seeking an extension of the stay approve by the Tribunal?
In the present case, the assessee submitted that the appeal had been fixed for hearing on January 20, 2020, when the earlier stay order was passed. Thereafter, the case was fixed on 18th March 2020, and 9th June 2020. On all the three occasions, the Revenue sought an adjournment and hence the appeal has now been posted for hearing on September 24, 2020.
ITAT stated that there is no change in the facts and circumstances of the case and further they notice that the delay in disposing of the appeal is not attributable to the assessee, they are of the view that the stay already granted by the Tribunal deserves extension. Accordingly ITAT extend the stay for further period of 180 days commencing from the date of this order or till the date of disposal of the appeal, whichever period expires earlier. They make it clear that the assessee should not seek adjournment on the date of hearing without reasonable cause, failing which the present stay order shall be subjected to review by the Division Bench hearing the appeal.
FULL TEXT OF THE ITAT JUDGEMENT
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