VOLVO INDIA PVT. LTD.,BANGALORE V. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, BANGALORE

SA 104/BANG/2025

AI Insights

The case involves M/s. Volvo Group India Private Limited, which filed Stay Petitions seeking an extension of stay on the grounds that the earlier stay was set to expire. The stay was initially granted to cover the period until the disposal of the main appeals, with a condition that 20% of the demand be paid. The tribunal noted the substantial payments made by the assessee and the progress in the MAP proceedings, leading to the decision to extend the stay.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 780588 (ITAT-BANGALORE)
• Duration Of Justice: 1 month(s)
• Appeal Type: Stay Application
• Pronouncement Date: 10-10-2025
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2012-2013
• Appeal Filed On: 09-09-2025
• Laws Referred To: Section 254 of the Income Tax Act
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: NEERAJ JAIN
• Keywords: Application of stay; Extension of stay
• Section: 154

Judgement Text

"IN INCOME TAX APPELLATE TRIBUNAL “C” BENCH : BANGALORE BEFORE SHRI. LAXMI PRASAD SAHU, ACCOUNTANT MEMBER AND SHRI. KESHAV DUBEY, JUDICIAL MEMBER SP Nos.101 to 105/Bang/2025 [in IT(TP)A Nos.433/Bang/2025, 679/Bang/2016, 700/Bang/2018, 733/Bang/2017, 2919/Bang/2017] Assessment Years : 2010-11, 2011-12, 2012-13, 2013-14 M/s. Volvo Group India Private Limited, (Formerly known as Volvo India Pvt. Ltd.,), 65/2, Bagmane Tech Park, Block – A, 5th Floor, Parin Building, C V Raman Nagar, Bengaluru – 560093. PAN : AAACV 6747N Vs. ACIT, Circle –1, Bengaluru. Appellant Respondent Assessee by : Shri. Neeraj Jain, Advocate Revenue by : Shri. N. Balusamy, JCIT(DR), ITAT, Bangalore. Date of hearing : 10.10.2025 Date of Pronouncement : 10.10.2025 ORDER Per Laxmi Prasad Sahu, Accountant Member : All these Stay Petitions (SPs) are filed by the assessee seeking extension of stay as earlier stay granted was going to expire on 10.09.2025. Assessee filed stay application on 09.09.2025. The earlier stay was granted on 02.09.2024 in Stay Nos.38 to 42/Bang/2024 in which stay was granted for a period of 6 months or till disposal of the main appeals whichever is earlier. Since assessee has accepted the condition for grant of stay under section 254 of the Act 20% of the demand has been paid as per table drawn from earlier stay order as under:- Asst. year Total Demand(Rs) Amount paid(Rs) Outstanding Demand(Rs) 2010-11 684076745 647819710 36257035 2011-12 543765870 524083931 19681939 2011-12 (section 154 proceedings) 14821018 Nil 14821018 2012-13 500525305 429003663 71521642 2013-14 673903760 137000000 536903760 Printed from counselvise.com SPNos.101 to 105/Bang/2025 [in IT(TP)A Nos.433/Bang/2025, 679/Bang/2016, 700/Bang/2018, 733/Bang/2017, 2919/Bang/2017] Page 2 of 2 2. The learned Counsel submitted that the case is pending under MAP and MAP proceedings are in advanced stage. Therefore, in such circumstances, considering the substantial payment made by the assessee and earlier stay granted there is no fault on the part of the assessee to pursue the appeal, we are extending the stay for 6 months from the date of this Order or till disposal of the main appeals, whichever is earlier. 3. In the result, Stay Petitions filed by the assesseeare allowed. Pronounced in the court on the date mentioned on the caption page. Sd/- Sd/- (KESHAV DUBEY) (LAXMI PRASAD SAHU) Judicial Member Accountant Member Bangalore, Dated : 10.10.2025. /NS/* Copy to: 1. Appellant 2. Respondent 3. Pr.CIT 4.CIT(A) 5. DR, ITAT, Bangalore. By order Assistant Registrar ITAT, Bangalore. Printed from counselvise.com "