Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« From the Courts »
Open DEMAT Account in 24 hrs
 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

M/s Motorola Solutions India Private Limited, 415/2, Mehrauli Gurgaon Road, Gurgaon – 122 001. vs. Deputy Commissioner of Income Tax, Circle-2, Gurgaon.
October, 22nd 2018
                      IN THE INCOME TAX APPELLATE TRIBUNAL
                        DELHI BENCH: `I-1' (FRIDAY) NEW DELHI

                BEFORE SHRI N. K. BILLAIYA, ACCOUNTANT MEMBER
                                      AND
                 MS SUCHITRA KAMBLE, JUDICIAL MEMBER
                         S. A NO. 711/Del/2018
                                   In
                    (ITA No. 1245/DEL/2017 ( A.Y 2012-13)

     M/s Motorola Solutions India Vs           Deputy Commissioner of
     Private Limited,
                                               Income Tax,
     415/2, Mehrauli Gurgaon Road,
     Gurgaon ­ 122 001.                        Circle-2,
     PAN : AAACM9343D.
                                               Gurgaon.
     (APPELLANT)

                 Appellant by      Shri Manoneet Dalal and
                                   Shri Vishu Goel, Advocates.
                 Respondent by     Shri A. Sreenivasa Rao,
                                   Senior DR.

                   Date of Hearing            18.10.2018
                   Date of Pronouncement      18.10.2018

                                    ORDER
PER SUCHITRA KAMBLE, JM

     By this stay petition, the assessee has sought for the stay of outstanding
demand of Rs.12,60,95,750/-.

2.    At the time of hearing before us, the learned AR of the assessee stated
that the stay which was already granted by the ITAT vide order dated 17 th
March, 2017 whereby the Tribunal directed the assessee to pay a sum of Rs.3
crores and granted stay of the entire outstanding demand for a period of six
months. Thereafter, on 3rd October, 2017, first extension was granted and on
13th April, 2018, second extension was granted for a period of six months
which expired on 10th October, 2018. He stated that the delay in disposal of
the appeal is not attributable to the assessee as assessee has never sought for
                                        2







adjournment. He, therefore, requested that the stay may be extended till the
disposal of the appeal.

3.    Learned DR objected to grant of extension of stay of outstanding
demand.

4.    We have heard the arguments of both the sides and perused relevant
material placed before us.    Since the delay in disposal of the appeal is not
attributable to the assessee, we extend the stay as was granted by the ITAT for
a further period of six months or disposal of the appeal, whichever is earlier.
Both parties informed in the open Court.

5.    In the result, the stay application of the assessee is allowed in above
terms.






      Order pronounced in the Open Court on 18 th October, 2018.
            Sd/-                                            Sd/-
   (N. K. BILLAIYA)                                  (SUCHITRA KAMBLE)
ACCOUNTANT MEMBER                                     JUDICIAL MEMBER


Dated: 18/10/2018
R. Naheed




Copy forwarded to:
1.                           Appellant
2.                           Respondent
3.                           CIT
4.                           CIT(Appeals)
5.                           DR: ITAT

                                                 ASSISTANT REGISTRAR
                                                    ITAT NEW DELHI

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting