J.P. MORGAN INDIA PRIVATE LIMITED,MUMBAI V. DCIT RANGE 4(3)(1), MUMBAI

SA 103/MUM/2026

AI Insights

The case involves J.P. Morgan India P. Ltd., the applicant, seeking an extension of stay on the recovery of an outstanding demand related to the Assessment Year 2010-11. The application was considered by the Income Tax Appellate Tribunal in Mumbai, which had previously granted and extended the stay multiple times. The last stay was granted on 09.01.2026. The Tribunal found that the reasons for the non-disposal of the appeal were not due to the applicant and decided to extend the stay for another 180 days or until the appeal is disposed of, whichever comes first. The appeal is scheduled for a hearing on 21.07.2026.

• Counselvise Citation: [2026] 140 COUNSELVISE.COM (IT) 857855 (ITAT-MUMBAI)
• Duration Of Justice: 10 day(s)
• Appeal Type: Stay Application
• Pronouncement Date: 17-07-2026
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: K
• Assessment Year: 2010-2011
• Appeal Filed On: 07-07-2026
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SRIDHAR G.MENON
• Keywords: Application of stay; Extension of stay
• Section: 2

Judgement Text

" IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI MAKARAND V. MAHADEOKAR, AM SA No. 103/Mum/2026 (Arising out of ITA No.1075/Mum/2015) (Assessment Year: 2010-11) J . P. Morgan India P. Ltd. J. P. Morgan Tower Off. CST Road, Kalina, Santacruz (E), Mumbai-400 098 Vs. Dy. CIT, Range-4(3)(1) Pratishtha Bhavan, 3rd & 4th Floors, 101, M. K. Road, Mumbai-400 020 PAN/GIR No. AAACJ 1022 G (Applicant) : (Respondent) Applicant by : Shri Madhur Agarwal Respondent by : Shri Sridhar G. Menon – Sr. DR Date of Hearing : 17.07.2026 Date of Pronouncement : 17.07.2026 O R D E R Captioned application has been filed by the assessee/applicant seeking extension of stay on recovery of outstanding demand, pertaining to the Assessment Year (A.Y.) 2010- 11. 2. We have heard the parties and perused the materials available on record. Notably, while considering the earlier stay application the ITAT had not only granted stay but subsequently it has been extended from time to time and the last order granting stay was passed on 09.01.2026. As can be seen from record, the cause of non-disposal of the appeal cannot be attributed to the assessee. There being no change in the facts and circumstances, based on which the stay was earlier granted to the assessee and was extended from time to Printed from counselvise.com 2 SA No. 103/Mum/2026 (A.Y.2010-11) J . P. Morgan India P. Ltd. vs. Dy. CIT time, we are inclined to extend the stay for a further period of 180 days from the date of this order or till the disposal of the corresponding appeal, whichever is earlier. We have been informed that the appeal is listed for hearing on 21.07.2026. Parties must endeavor to ensure that hearing of the appeal proceeds on the date fixed. 3. In the result, stay application is allowed. Order pronounced in the open court on 17.07.2026 Sd/- Sd/- (Makarand V Mahadeokar) (Saktijit Dey) Accountant Member Vice President Mumbai; Dated : 17.07.2026 Roshani, Sr. PS Copy of the Order forwarded to : 1. The Appellant 2. The Respondent 3. CIT - concerned 4. DR, ITAT, Mumbai 5. Guard File BY ORDER, (Dy./Asstt. Registrar) ITAT, Mumbai Printed from counselvise.com "