M/s Sura Leathers Private Limited , Bangalore V. Deputy Commissioner of Income Tax Circle-6(1)(2), Bangalore

SA 238/BANG/2018

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 6116 (ITAT-BANGALORE)
• Duration Of Justice: 7 month(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: 2014-2015
• Appeal Filed On: 01-10-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: T CHANDRASEKHAR

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCH C BEFORE SHRI A.K. GARODIA, ACCOUNTANT MEMBER AND SHRI LALIET KUMAR, JUDICIAL MEMBER S.P. NO. & ITA NO. PETITIONER RESPONDENT 238/BANG/2018 (IN IT(TP)A NO.2727/BANG/2018) (A.Y. 2014 - 15) M/S. SURA LEATHER PVT. LTD., NO. 11/1, 24 TH A CROSS, K R ROAD, BANASHANKARI 2 ND STAGE, BANGALORE 560070. PAN : A A BCS9829F THE DCIT, CIRCLE 6 (1) (2), BANGALORE. ASSESSEE BY :SHRI SRIPADA M., C. A . REVENUE BY : S HRI T. CHANDRASEKHAR, ADDL. CIT ( DR ) DATE OF HEARING :26.10.2018. DATE OF PRONOUNCEMENT :26.10.2018. O R DE R PER SHRI A. K. GARODIA, A.M. : THE ASSESSEE HAS FILED THIS STAY PETITION SEEKING S TAY OF DISPUTED OUTSTANDING DEMAND OF RS. 1,16,79,780/- FOR A. Y. 2014 15. 2. IN COURSE OF HEARING OF THIS STAY PETITION, IT W AS SUBMITTED BY THE LEARNED AR OF THE ASSESSEE THAT THE ASSESSEE WILL BE SATISFIED IF EARLY HEARING IS GRANTED AND IN THAT EVENT, THE STAY PETITION MAY BE DISMISSED AS NOT PR ESSED. LEARNED DR OF THE REVENUE HAD NO OBJECTION TO GRANTING OF EARLY HEARI NG. 3. IN VIEW OF ABOVE DISCUSSION, WE DISMISS THE STAY PETITION AND GRANT EARLY HEARING OF THE APPEAL. HEARING OF THE APPEAL IS FIX ED ON 10.12.2018 AND SINCE, THE DATE OF HEARING WAS PRONOUNCED IN OPEN COURT, NO NO TICE OF HEARING IS REQUIRED TO BE ISSUED. 4. IN THE RESULT, THE STAY PETITION FILED BY THE AS SESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THE DATE OF HEARING ON CONCLUSION OF THE HEARING. SD/- SD/- (LALIET KUMAR) (A. K. GARODIA) JUDICIAL MEMBER ACCOUNTANT MEMBER BANGALORE, DATED: 26.10.2018. MS* 2 S.P. NO.238/BANG/2018 (IN IT(TP)A NO. 2727/BANG/2018 COPY TO: 1. APPELLANT 4. CIT(A) 2. RESPONDENT 5. DR, ITAT, BANGALORE 3. CIT 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR, INCOME TAX APPELLATE TRIBUNAL, BANGALORE.