Sri K Mahesh Kumar , Hospet V. Deputy Commissioner of Income Tax, Central Circle-2(1), Bangalore

SA 149/BANG/2018

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 5937 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 15 day(s)
• Appeal Type: Income Tax (Transfer Pricing) Appeal
• Pronouncement Date: 01-05-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2011-2012
• Appeal Filed On: 16-04-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: V SRINIVASAN
• Keywords: Application of stay

Judgement Text

SP.149/BANG/2018 PAGE - 1 IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCH 'A', BENGALURU BEFORE SHRI. N. V. VASUDEVAN, JUDICIAL MEMBER AND SHRI. JASON P. BOAZ, ACCOUNTANT MEMBER STAY PETITION NO.149/BANG/2018 (IN I.T.A NO.1245/BANG/2018) (ASSESSMENT YEAR : 2011-12) SHRI. K. MAHESH KUMAR, BELLARY ROAD CIRCLE, 21 ST WARD, HOSPET .. APPLICANT PAN : AQPLM9826H V. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE -2(1), BENGALURU .. RESPONDENT APPELLANT BY : SHRI. V. SRINIVASAN, CA RESPONDENT BY : SHRI. K. V. ARAVIND, STANDING COUN SEL HEARD ON : 20.04.2018 PRONOUNCED ON : 20.04.2018 O R D E R PER N. V. VASUDEVAN, JUDICIAL MEMBER : THIS IS AN APPLICATION FILED BY THE ASSESSEE PRAYI NG FOR AN ORDER OF STAY OF RECOVERY OF OUTSTANDING DEMAND OF A SUM OF RS.57,90,94,142/-. THE OUTSTANDING DEMAND ARISES O UT OF AN ORDER OF ASSESSMENT PASSED FOR A. Y. 2011-12, DT.31.03.20 13, WHICH WAS CONFIRMED BY THE CIT (A). SP.149/BANG/2018 PAGE - 2 02. WE HAVE HEARD THE SUBMISSIONS OF THE PARTIES. IT IS SEEN THAT THE ISSUE INVOLVED IN THE APPEAL LIES IN A VERY NAR ROW COMPASS. WE ARE THEREFORE OF THE VIEW THAT IT WOULD BE JUST AND PROPER TO FIX THE APPEAL OUT OF TURN FOR HEARING ON 16.05.2018. ACCO RDINGLY THE APPEAL IS FIXED OUT OF TURN ON 16.05.2018. THE D ATE OF HEARING WAS ANNOUNCED IN THE OPEN COURT. HENCE NO NOTICE WILL BE SENT TO THE PARTIES. 03. IN THE RESULT, STAY APPLICATION IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 20 TH DAY OF APRIL, 2018. SD/- SD/- (JASON P BOAZ) (N. V. VASUDE VAN) ACCOUNTANT MEMBER JUDICIAL M EMBER MCN* COPY TO: 1. THE ASSESSEE 2. THE ASSESSING OFFICER 3. THE COMMISSIONER OF INCOME-TAX 4. COMMISSIONER OF INCOME-TAX(A) 5. DR 6. GF, ITAT, BANGALORE BY ORDER SENIOR PRIVATE SECRETARY INCOME-TAX APPELLATE TRIBUNAL, BANGALORE BENCHES, BENGALURU