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 Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate
 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

Vikas Bhasin, D-196, Sector-47, Noida, Uttar Pradesh. vs ACIT Circle-2, Ghaziabad.
November, 22nd 2018
         IN THE INCOME TAX APPELLATE TRIBUNAL
               DELHI BENCH: `F' NEW DELHI

      BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER
                              AND
             SHRI L.P. SAHU, ACCOUNTANT MEMBER

              Stay Application No. 842/Del/2018
                   (In ITA No.6822/Del/2018)
                  (Assessment Year: 2015-16)

Vikas Bhasin,                                     vs   ACIT
D-196, Sector-47, Noida,                               Circle-2,
Uttar Pradesh.                                         Ghaziabad.
PAN No. AEMPB7747K
APPELLANT                                              RESPONDENT


        Assessee by           Shri Krishan Kant, Adv.
        Revenue by            Smt. Naina Soin Kapil, Sr. DR

                Date of Hearing          22.11.2018
             Date of Pronouncement       22.11.2018


                               ORDER

PER SHRI BHAVNESH SAINI, J.M.

     The assessee has filed the present stay application for stay of
the outstanding demand of Rs.3,18,16,770/-. The Ld. Counsel for
assessee submitted that the issue in appeal is covered in favour of
the assessee. He prayed that in case early hearing is granted in
the matter, he would not press Stay Application at this stage. Ld.
DR has no objection to the same.
2 Stay Application No. 842/Del/2018 (In ITA No. 6822/Del/2018) A.Y. 2015-16 2. Considering it to be case of high demand, an early hearing in this case is granted. Office is directed to fix the appeal for final hearing on 12.12.2018 for which date no separate notice was issued. 3. Stay Application is dismissed as withdrawn with above direction.
Order pronounced in the open court. Sd/- Sd/- (L.P. SAHU) (BHAVNESH SAINI) ACCOUNTANT MEMBER JUDICIAL MEMBER Dated: 22.11.2018 *Kavita Arora Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT TRUE COPY ASSISTANT REGISTRAR ITAT NEW DELHI Date of dictation 22.11.2018 Date on which the typed draft is placed before the dictating 22.11.2018 Member Date on which the typed draft is placed before the Other Member 22.11.18 Date on which the approved draft comes to the Sr. PS/PS 22.11.18 Date on which the fair order is placed before the Dictating Member 22.11.18 for pronouncement Date on which the fair order comes back to the Sr. PS/PS 22.11.18 Date on which the final order is uploaded on the website of ITAT 22.11.18 Date on which the file goes to the Bench Clerk 22.11.18 Date on which the file goes to the Head Clerk The date on which the file goes to the Assistant Registrar for signature on the order Date of dispatch of the Order 3 Stay Application No. 842/Del/2018 (In ITA No. 6822/Del/2018) A.Y. 2015-16
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