Mr.Vikash Kejriwal , Bangalore V. Deputy Commissioner of Income Tax, Circle-7(1)(1), Bangalore

SA 231/BANG/2018

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 6109 (ITAT-BANGALORE)
• Duration Of Justice: 7 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: C
• Assessment Year: 2015-2016
• Appeal Filed On: 26-09-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 20

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : BANGALORE BEFORE SHRI SUNIL KUMAR YADAV, JUDICIAL MEMBER AND SHRI ARUN KUMAR GARODIA, ACCOUNTANT MEMBER S.P. NO. 231/BANG/2018 (IN ITA NO. 2 414 /BANG/201 8 ) ASSESSMENT YEAR : 20 1 5 - 1 6 SHRI VIKASH KEJRIWAL, NO. 8/52, GF, PRESIDENT CHAMBERS, RICHMOND ROAD, BANGALORE 560 025. PAN: ACXPK9134G VS. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 7 (1) (1), BANGALORE. APPELLANT RESPONDENT ASSESSEE BY : SHRI BALRAM R. RAO, ADVOCATE REVENUE BY : DR. P.V. PRADEEP KUMAR, A DDL. CIT (DR) DATE OF HEARING : 05 . 10 .201 8 DATE OF PRONOUNCEMENT : 05 . 10 .201 8 O R D E R PER SHRI A.K. GARODIA, ACCOUNTANT MEMBER; THIS STAY PETITION IS FILED BY THE ASSESSEE SEEKING STAY OF OUTSTANDING DISPUTED DEMAND OF RS. 3,60,610/- FOR ASSESSMENT YEAR 2015-1 6. 2. THE LD. AR OF ASSESSEE WAS HEARD BUT HE COULD NO T MAKE OUT THE CASE FOR GRANTING STAY IN THE PRESENT CASE. HE HAS NEITHER SHOWN TO US THAT THE ASSESSEE HAS A PRIMA FACIE CASE AND NOR HE HAS SHOW N TO US THAT THE FINANCIAL POSITION OF ASSESSEE IS SUCH THAT MAKING PAYMENT OF DISPUTED OUTSTANDING DEMAND WILL CAUSE IRREPARABLE DAMAGE TO THE ASSESSE E. HENCE THIS STAY PETITION FILED BY THE ASSESSEE IS DISMISSED. 3. IN THE RESULT, THE STAY PETITION FILED BY THE AS SESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THE DATE MENT IONED ON THE CAPTION PAGE. SD/- SD/- (SUNIL KUMAR YADAV) (ARUN KUMAR GARODIA) JUDICIAL MEMBER ACCOUNTANT MEM BER BANGALORE, DATED, THE 5 TH OCTOBER, 2018. /MS/ S.P. NO. 231/BANG/2018 (IN ITA NO. 2414/BANG/2018) PAGE 2 OF 2 COPY TO: 1. APP ELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR, INCOME TAX APPELLATE TRIBUNAL, BANGALORE.