Smt Reshma Gulab Jain , Bangalore V. The Income Tax Officer Ward-5(3)(2), Bangalore

SA 64/BANG/2019

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 6187 (ITAT-BANGALORE)
• Duration Of Justice: 2 month(s) 11 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: 2014-2015
• Appeal Filed On: 19-02-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: VIKAS K SURYAVANSHI

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH : BANGALORE BEFORE SHRI ARUN KUMAR GARODIA, ACCOUNTANT MEMBER A ND SHRI LALIET KUMAR, JUDICIAL MEMBER S.P. NO.64/BANG/2019 (IN ITA NO. 1057 / BANG/201 8 ) ASSESSMENT YEAR : 20 1 4 - 1 5 SMT. RESHMA GULAB JAIN, NO. 701, B-3, 1 ST FLOOR, CHICKPET MAIN ROAD, BANGALORE 560 053. PAN: AJTPJ9834B VS. THE INCOME TAX OFFICER, WARD 5 (3) (2), BANGALORE. APPELLANT RESPONDENT ASSESSEE BY : SMT. SUMAN LUNKAR, CA REVENUE BY : SHRI VIKAS K. SURYAVANSHI, ADDL. CIT (DR) DATE OF HEARING : 22 . 0 2 .201 9 DATE OF PRONOUNCEMENT : 22. 0 2 .201 9 O R D E R PER SHRI A.K. GARODIA, ACCOUNTANT MEMBER; THIS STAY PETITION IS FILED BY THE ASSESSEE SEEKING STAY OF DISPUTED OUTSTANDING DEMAND OF RS. 40,68,773/- FOR ASSESSMEN T YEAR 2014-15. 2. IN COURSE OF HEARING OF THIS STAY PETITION, IT W AS SUBMITTED BY LD. AR OF ASSESSEE THAT EVEN IF AN EARLY HEARING IS GRANTED, THE ASSESSEE WILL BE SATISFIED AND IN THAT SITUATION, GRANTING OF STAY I S NOT PRESSED. THE LD. DR OF REVENUE HAD NO OBJECTION REGARDING GRANTING OF EARL Y HEARING. 3. IN VIEW OF ABOVE DISCUSSION, STAY PETITION IS RE JECTED AND EARLY HEARING IS GRANTED AND THE HEARING IS FIXED ON 02.04.2019. SI NCE THE DATE OF HEARING IS PRONOUNCED IN THE OPEN COURT, NO SEPARATE NOTICE OF HEARING IS REQUIRED TO BE ISSUED. S.P. NO. 64/BANG/2019 (IN ITA NO. 1057/BANG/2018) PAGE 2 OF 2 4. IN THE RESULT, THE STAY PETITION FILED BY THE AS SESSEE IS DISMISSED IN THE TERMS INDICATED ABOVE. ORDER PRONOUNCED IN THE OPEN COURT ON THE DATE OF H EARING ON CONCLUSION OF THE HEARING. SD/- SD/- (LALIET KUMAR) (ARUN KUMAR GARODIA) JUDICIAL MEMBER ACCOUNTANT MEMBER BANGALORE, DATED, THE 22 ND FEBRUARY, 2019. /MS/ 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, BANGAL ORE.