B G Devanath , Kodagu V. Income TAx Officer, Ward-1 , Kodagu

SA 114/BANG/2018

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 5871 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 1 month(s) 5 day(s)
• Appeal Type: Income Tax (Transfer Pricing) Appeal
• Pronouncement Date: 01-05-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2009-2010
• Appeal Filed On: 26-03-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PADMA MEENAKSHI
• Keywords: Application of stay; Reasonable cause

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH, B ENGALURU BEFORE S HRI SUNIL KUMAR YADAV, JUDICIAL MEMBER AND SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER SP NO. 114 /BANG/201 8 (IN I TA NO. 934 / BANG/2 0 1 8 ) (ASSESSMENT YEAR: 20 0 9 - 10 ) SHRI B.G.DEVANATH, VISHNU NIL AYA, CLUB ROAD, SOMWARPET, KODAGU, PAN: AFMPD1138B VS. PETITIONER INCOME - TAX OFFICER, WARD 1 KODAGU . RESPONDENT PETITI O NER BY : SHRI VAGEESH HEGDE, CA. RESPONDENT BY : SMT.PADMA MEENAKSHI, JCIT ( DR) DATE OF HEARING : 13 /0 4 /20 18 DATE OF PRONOUNCEMENT : 18 / 0 4 /201 8 O R D E R PER I NTURI RAMA RAO, AM : THIS PETITION IS FILED BY THE ASSESSEE SEEKING STAY OF DEMAND OF RS. 7,26,238 / - FOR THE ASSESSMENT YEAR 20 0 9 - 10 . 2. AFTER HEARING THE RIVAL SUBMISSIONS, WE ARE OF THE CONSIDERED OPINION THAT IT IS NOT A FIT CASE TO STAY THE DEMAND . HOWEVER, WE DIRECT THE REVENUE AUTHORITIES NOT TO INITIATE COERCIVE STEPS TILL DISPOSAL OF TH E APPEAL. WE DIRECT THE REGISTRY TO POST THE APPEAL FOR HEARING ON 22 /05/2018 ON WHICH DATE TH E ASSESSEE SHALL CO - OPERATE FOR EARLY DISPOSAL . THE DIRECTION TO THE REVENUE AUTHORITIES NOT TO INITIATE COERCIVE STEPS FOR COLLECTION OF DEMAND IS SUBJECT TO CONDITION THAT THE ASSESSEE SHALL NOT SEEK ADJOURNMENT OF THE CASE FROM HEARING WITHOUT SP NO . 114 /BAN G/201 8 PAGE 2 OF 2 ANY JUST AND REASONABLE CAUSE. THE STAY PETITION IS DISPOSED ON THE ABOVE LINES. ORDER PRONOUNCED IN THE OPEN COURT ON 18 TH APRIL, 2018 S D/ - SD/ - (SUNIL KUMAR YADAV) (INTURI RAMA RAO) JUDICIAL MEMBER ACCOUNTANT MEMBER PLACE : BENGALURU. D A T E D : 18 / 04 /201 8 SRINIVASULU, SPS COPY TO : 1 APPELLANT 2 RESPONDENT 3 CIT(A) 4 CIT 5 DR, ITAT, BANGALORE. 6 GUARD FILE BY ORDER SENIOR PRIVATE SECRETARY INCOME - TAX APPELLATE TRIBUNAL BANGALORE