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M/s. Jyoti Impex, No. 207, Zest Business Spaces, M G Road, Ghatkopar (East), Mumbai -400 077 Vs Income-Tax Officer Ward-22(1)(2), Mumbai
November, 25th 2014
                      "J"                       

           IN THE INCOME TAX APPELLATE TRIBUNAL
                 MUMBAI BENCH "J", MUMBAI
       .   ,    ,    ,                                                 
          BEFORE SHRI D. KARUNAKARA RAO, AM AND
                    SHRI VIVEK VARMA, JM

                        . 353/Mum/2014
             STAY APPLICATION (SA) No. : 353/Mum/2014
               in ITA No. 6534/Mum/2014 for AY 2010-11
     M/s. Jyoti Impex,                Vs   Income-Tax Officer ­Ward-
     No. 207, Zest Business Spaces,        22(1)(2),
     M G Road, Ghatkopar (East),           Mumbai
     Mumbai -400 077
        .:PAN: AAFFJ 8683 D
      (Appellant)                                (Respondent)
                       Applicant by    :   Shri Harish V S
                     Respondent by     :   Shri N Padmanaban

     /Date of Hearing
                                             : 21-11-2014
    /Date of Pronouncement                   : 21-11-2014

                                    
                                 ORDER
    ,  :
PER VIVEK VARMA, JM:


        Instant Stay Application has been filed by the assessee, praying
for the stay of demand of Rs. 8,91,009/-.

2.      After submitting the merits of SA, the AR submitted that the
assessee is prepared to deposit 25% of the impugned demand, which
he agrees to deposit by 15th December, 2014. The AR also prayed that
since the assessee is ready with the merits, the case may kindly be
fixed at an early date.




3.      The DR submitted that the application deserves to be rejected or
the assessee pays fully.

4.      We have heard the submissions, and we accept the proposal of the AR
to deposit 25% of Rs. 8,91,009/-, which comes to Rs. 2,22,752/- (say Rs.
                                         2                   . : 213/ /2014
                                                            SA 213/Mum/2014
                                                        M/s. Jyoti Impex
2,25,000/-) on or before 15.12.2014. We also accept the AR's request for
early hearing.

5.      We, therefore, hold that the assessee shall deposit Rs. 2,25,000/- by
15.12.2014 and also order the Registry to fix the case for regular hearing on
18.12.2014, which shall be subject to proof of payment of Rs. 2,25,000/-.




6.      As a result, the SA as filed is partly allowed.

Order pronounced in the open Court on 21st November, 2014.



                  Sd/-                                          Sd/-
         (.   )
                                                            (  )
                                                                 
(D. KARUNAKARA RAO)                                         (VIVEK VARMA)
ACCOUNTANT MEMBER                                         JUDICIAL MEMBER

Mumbai, Date: 21st November, 2014


     /Copy to:-
        1)  /The Applicant.
        2)     /The Respondent.
        3) The CIT (A)- 33, Mumbai
        4) The CIT-22, Mumbai,
        5)     "J"     ,                  /
            The D.R. "J" Bench, Mumbai.
        6)  
           Copy to Guard File.
                                             /By Order
          / / True Copy / /


                                                          / 
                                                     ,                 
                                                 Dy./Asstt. Registrar
                                                  I.T.A.T., Mumbai
*Chavan

 
 
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