M/s Aquarelle India Pvt Ltd , Bangalore V. Deputy Commissioner of Income Tax Circle-1(1)(1), Bangalore

SA 261/BANG/2018

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 6096 (ITAT-BANGALORE)
• Duration Of Justice: 5 month(s) 5 day(s)
• Appeal Type: Income Tax (Transfer Pricing) Appeal
• Pronouncement Date: 01-05-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 26-11-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: R N SIDDAPPAJI CIT HEARD ON PR
• Assessee Lawyers: P C KHINCHA
• Keywords: Extension of stay

Judgement Text

SP.261/BANG/2018 PAGE - 1 IN THE INCOME TAX APPELLATE TRIBUNAL BENGALURU BENCH 'B', BENGALURU BEFORE SHRI. JASON P. BOAZ, ACCOUNTANT MEMBER AND SHRI. LALIET KUMAR, JUDICIAL MEMBER STAY PETITION NO.261/BANG/2018 (IN I.T.A NO.2737/BANG/2017 (ASSESSMENT YEAR : 2013-14) M/S. AQUARELLE INDIA P. LTD, NO.570, NEW NO.22, 32 ND D CROSS, 11 TH MAIN, JAYANAGAR, 4 TH BLOCK, BENGALURU 560 011 .. APPLICANT PAN : AAGCA1203Q V. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE -1(1)(1), BENGALURU .. RESPONDENT ASSESSEE BY : SHRI. P. C. KHINCHA, CA REVENUE BY : SHRI. R. N. SIDDAPPAJI, ADDL. CIT HEARD ON : 07.12.2018 PRONOUNCED ON : 07.12.2018 O R D E R PER LALIET KUMAR, JUDICIAL MEMBER : THIS IS A PETITION FILED BY THE ASSESSEE PRAYING FOR AN ORDER EXTENDING THE ORDER OF STAY OF RECOVERY OF OU TSTANDING DEMAND ALREADY GRANTED BY THIS TRIBUNAL IN SP NO.161/BANG/ 2018, DT.25.05.2018. SP.261/BANG/2018 PAGE - 2 02. BY THE ORDER OF STAY DT.25.05.2018, THIS TRIBUN AL HAD GRANTED EXTENSION OF STAY ON RECOVERY OF OUTSTANDING DEMAND TILL SIX MONTHS FROM 25.05.2018, OR DISPOSAL OF THE APPEAL, WHICHEV ER IS EARLIER. THE APPEAL IS POSTED FOR HEARING ON 10.12.2018. 03. IN THESE CIRCUMSTANCES, THE TRIBUNAL DEEMS FIT TO GRANT EXTENSION OF STAY FOR A FURTHER PERIOD OF SIX MONTH S FROM THE DATE OF THIS ORDER, OR TILL THE DISPOSAL OF APPEAL, WHICHEV ER IS EARLIER. 04. IN THE RESULT, THE STAY PETITION IS ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON 7 TH DAY OF DECEMBER, 2018. SD/- SD/- (JASON P. BOAZ) (LALIET KUMAR) ACCOUNTANT MEMBER JUDICIAL MEMBE R BENGALURU DATED : 07.12.2018 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 ASSISTANT REGISTRAR INCOME TAX APPELLATE TRIBUNAL, BANGALORE.