M/S Soumya Homes Pvt.Ltd, Bhopal V. THE DCIT-CENTRAL-II, Bhopal

SA 54/Ind/2018

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 0399 (ITAT-INDORE)
• Duration Of Justice: 4 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-03-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB
• Assessment Year: 2007-2008
• Appeal Filed On: 31-10-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RAJEEB JAIN
• Assessee Lawyers: N D PATWA S
• Keywords: Application of stay

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, INDORE BENCH, INDORE , !', #$ # % BEFORE SHRI KUL BHARAT, JUDICIAL MEMBER AND SHRI MANISH BORAD, ACCOUNTANT MEMBER ! & ' . / S.A. NO. 54/IND/2018 ..'. / I.T.A. NOS. 141 TO 146/IND/2017 # *+ , - .- / ASSESSMENT YEARS 2007-08 TO 2013-14 M/S. SOUMYA HOMES PVT.LTD., T-4, 3 RD FLOOR CITY ZONE-1, M.P.NAGAR, BHOPAL VS. DCIT, CENTRAL CIRCLE-II, BHOPAL / // / APPLICANT / // / RESPONDENT . . ./ PAN : AAFCS3503C / // / APPLICANT BY : SHRI ASHISH GOYAL AND SHRI N. D. PATWA, ADVOCATES / // / RESPONDENT BY : SHRI RAJEEB JAIN / // / DATE OF HEARING : 29.11.2018. / // / DATE OF PRONOUNCEMENT : 29.11.2018 / // / O R D E R PER KUL BHARAT, J.M. : THIS APPLICATION IS FILED BY THE ASSESSEE SEEKING E XTENSION OF STAY EARLIER GRANTED BY THIS BENCH IN THE ORDER PAS SED IN S.P.NO.19/IND/2018 DATED 22 ND MARCH, 2018. 2 2. THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT DUR ING THE PENDENCY OF THE STAY APPLICATION FILED EARLIER, THR EE TIMES THE APPEALS WERE FIXED BUT WITH NO FAULT ON BEHALF OF T HE ASSESSEE, THE APPEALS COULD NOT BE DECIDED. THE ASSESSEE COMPANY HAS FURTHER PAID RS.40.06 LAKHS, NOW TOTAL AMOUNT OUTSTANDING I S RS. 9,24,42,910/-. THE LD. COUNSEL FOR THE ASSESSEE PRA YED THAT THE EARLIER STAY GRANTED MAY KINDLY BE EXTENDED FOR FUR THER PERIOD TILL THE DISPOSAL OF THE CASE BY THE TRIBUNAL. 3. THE LD. DEPARTMENTAL REPRESENTATIVE OPPOSED THE SUB MISSION. 4. WE HAVE HEARD THE RIVAL SUBMISSIONS AND PERUSED THE EARLIER STAY ORDER PASSED BY THIS BENCH. WE, THEREFORE, DEE M IT FIT TO GRANT STAY FOR A PERIOD UP TO 14.01.2019 OR TILL THE PRON OUNCEMENT OF THE ORDER ON RELATED APPEALS, WHICHEVER IS EARLIER. 5. THE STAY APPLICATION IS DISPOSED OFF. ORDER WAS PRONOUNCED IN THE OPEN COURT ON 29.11.20 18. S D / - S D / - ( !' ) #$ (MANISH BORAD) ACCOUNTANT MEMBER ( ) (KUL BHARAT) JUDICIAL MEMBER INDORE; 1' DATED :29/11/2018 /DEV 3 COPY TO: ASSESSEE/AO/PR. CIT/ CIT (A)/ITAT (DR)/GUA RD FILE. BY ORDER ASSTT. REGISTRAR