PERFORMANCE SPECIALTY PRODUCTS INDIA PRIVATE LIMITED,HARYANA V. ASSESSMENT UNIT, INCOME TAX DEPARTMENT, HARYANA

SA 641/DEL/2025

AI Insights

The case involves Performance Specialty Products India P. Ltd., which filed a Stay Application against the recovery of an outstanding demand for the Assessment Year 2022-23. The primary legal contention raised by the assessee was the validity of the assessment order on the grounds of limitation, referencing the case of CIT vs. M/s. Roca Bathroom Products P. Ltd. The Department sought multiple adjournments as the matter was sub-judice before the Supreme Court. The Tribunal, considering the circumstances and the ongoing legal proceedings, directed the AO to provide an undertaking to refrain from any coercive recovery actions, which was duly submitted and accepted.

• Counselvise Citation: [2026] 140 COUNSELVISE.COM (IT) 839791 (ITAT-DELHI)
• Duration Of Justice: 2 month(s) 3 day(s)
• Appeal Type: Stay Application
• Pronouncement Date: 27-02-2026
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: H
• Assessment Year: 2022-2023
• Appeal Filed On: 24-12-2025
• Other Referred Cases: CIT vs. M/s. Roca Bathroom Products P. Ltd.
• Laws Referred To: CIT vs. M/s. Roca Bathroom Products P. Ltd. 140 taxmann.com 304 (Mad.)
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: VIKRAM SINGH SHARMA
• Keywords: Validity of assessment; Application of stay
• Section: 2

Judgement Text

" आयकर अपीलीय अधिकरण धिल्ली पीठ “एच”, धिल्ली श्री धिकास अिस्थी, न्याधयक सिस्य एिं श्री एम. बालागणेश, लेखाकार सिस्य क े समक्ष IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “H”, DELHI BEFORE SHRI VIKAS AWASTHY, JUDICIAL MEMBER & SHRI M. BALAGANESH, ACCOUNTANT MEMBER SA No. 641/Del/2025 (Arising out of IT(TP)A No. 37/Del/2025, A.Y 2022-23) Performance Specialty Products India P. Ltd., Unit 701, 7th Floor, C & B Square Building, Sangam Complex, 127, Andheri-Kurla Road, Chakala Andheri (E), Mumbai, Maharashtra 400059 PAN:AAICP-8345-G ...... आवेदक/Applicant बनाम Vs. Assessment Unit, Income Tax Department, Haryana ..... प्रधििािी/Respondent आवेदक/Applicant by : S/Shri Kamal Sawhney, Puru Medhira, Nikhil Agarwal, Arun Bhadauria & Nishant Vashishta, Advocates प्रधििािीद्वारा/Respondent by : Shri Vikram Singh Sharma, SR. DR सुनिाई की धिधि/ Date of hearing : 27/02/2026 घोषणा की धिधि/ Date of pronouncement : 27/02/2026 आिेश/ORDER PER VIKAS AWASTHY, JM: This application has been filed by the applicant/assessee seeking stay on recovery of outstanding demand for Assessment Year 2022-23. 2. In one of the grounds raised in appeal, the assessee has assailed validity of assessment order on the ground of limitation. The said issue emanates from the decision rendered in the case of CIT vs. M/s. Roca Bathroom Products P. Ltd. 140 taxmann.com 304 (Mad.). The Department was seeking repeated adjournments in light of the fact that Printed from counselvise.com 2 SA No.641/DEL/2025 the matter is sub-judice before the Hon’ble Apex Court. In the above backdrop, the Tribunal directed the AO to furnish undertaking that no coercive action for recovery of outstanding demand for the impugned assessment year shall be taken against the assessee. The ld. DR has placed on record an undertaking given by the AO. The same is reproduced herein below:- Printed from counselvise.com 3 SA No.641/DEL/2025 4. In light of above undertaking by the AO, the Stay Application of the assessee is disposed of. Order pronounced in the open court on Friday the 27th day of February, 2026. Sd/- Sd/- (M. BALAGANESH) (VIKAS AWASTHY) लेखाकार सदस्य/ACCOUNTANT MEMBER न्यायिक सदस्य/JUDICIAL MEMBER धिल्ली / Delhi, धिनांक/Dated 27/02/2026 NV/- प्रतिलिपि अग्रेपििCopy of the Order forwarded to : 1. अपीलािी/The Appellant , 2. प्रधििािी/ The Respondent. 3. The PCIT/CIT(A) 4. धिभागीय प्रधिधनधि, आय.अपी.अधि., यदल्ली /DR, ITAT, धिल्ली 5. गार्ड फाइल/Guard file. BY ORDER, //True Copy// (Dy./Asstt. Registrar) ITAT, DELHI Printed from counselvise.com "