Seaways Shipping & Logistics Ltd., Kakinada V. The ITO,(International Taxation), Kakinada

SA 7/VIZ/2017

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 3882 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-05-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2014-2015
• Appeal Filed On: 19-04-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: K C DAS
• Keywords: Application of stay

Judgement Text

SP NO.7/VIZAG/2017 SEAWAYS SHIPPING & LOGISTICS LTD., KAKINADA 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM . , . . ' , % BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER & SHRI D.S. SUNDER SINGH, ACCOUNTANT MEMBER S.P. NO.7/VIZAG/2017 (ARISING OUT OF I.T.A.NO.404/VIZAG/2016) ( / ASSESSMENT YEAR: 2014-15) SEAWAYS SHIPPING & LOGISTICS LTD. KAKINADA ITO (INTERNATIONAL TAXATION) KAKINADA [PAN NO. AADCS0845B ] ( ' / APPELLANT) ( ()' / RESPONDENT) / APPELLANT BY : SHRI G.V.N. HARI, A.R. / RESPONDENT BY : SHRI K.C. DAS, D.R. / DATE OF HEARING : 16.10.201 7 / DATE OF PRONOUNCEMENT : 16.10.2017 / O R D E R PER D.S. SUNDER SINGH, ACCOUNTANT MEMBER: THE ASSESSEE HAS FILED THE STAY APPLICATION, SEEKI NG STAY OF OUTSTANDING DEMAND OF ` 19,57,972/- FOR THE ASSESSMENT YEAR 2014-15 ARISING OUT OF ORDER PASSED BY THE ASSESSING OFFICE R U/S 172(4) OF THE INCOME TAX ACT, 1961 (HEREINAFTER CALLED AS 'THE AC T'). SP NO.7/VIZAG/2017 SEAWAYS SHIPPING & LOGISTICS LTD., KAKINADA 2 2. IN THIS CASE, THE ASSESSEE FILED APPEAL IN ITA N O.404/VIZAG/2016 AND FILED STAY PETITION ON 19.4.2017. THE CASE HAS COME UP FOR HEARING ON 1.5.2017 AND THE APPEAL WAS DISMISSED FOR NON-AP PEARANCE PENDING STAY PETITION. THE ASSESSEES REQUEST FOR STAY OF DEMAND HAS COME UP FOR HEARING ON TODAY I.E. 16.10.2017 BY THE TIME TH E APPEAL WAS ALREADY DECIDED EX-PARTE. THEREFORE, THE STAY PETITION FIL ED BY THE ASSESSEE HAS BECOME INFRUCTUOUS, ACCORDINGLY DISMISSED. 3. IN THE RESULT, THE STAY PETITION FILED BY THE AS SESSEE IS DISMISSED. THE ABOVE ORDER WAS PRONOUNCED IN THE OPEN COURT ON 16 TH OCT17. SD/- SD/- ( . ) ( . . ' ) (V. DURGA RAO) (D.S. SUNDER SINGH) /JUDICIAL MEMBER /ACCOUNTANT MEMBER ! /VISAKHAPATNAM: % /DATED : 16.10.2017 VG/SPS )! *! /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT SEAWAYS SHIPPING & LOGISTICS LTD ., 16-23-61, A/1, PALLAMRAJU NAGAR, KAKINADA, ANDHRA PRADESH 2. / THE RESPONDENT THE ITO (INTERNATIONAL TAXATION ), KAKINADA 3. + / THE CIT (IT & TP), HYDERABAD 4. + ( ) / THE CIT (A)-10, HYDERABAD 5. ! . , . , ! / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // SR. PRIVATE SECRETARY ITAT, VISAKHAPATNAM