IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : FRIDAY : NEW DELHI BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER AND MS SUCHITRA KAMBLE, JUDICIAL MEMBER
Stay Application No.229/Del/2020
(ITA No.7615/Del/2018)
Assessment Year: 2015-16
Itochu Corporation,
5-1, Kita-Aoyama,
2-Chome, Minato-Ku, Tokyo 107-8077, Japan.
PAN: AABCI5567L
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Vs. ACIT
(International
Taxation),
Circle-2(1)(1) New Delhi.
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(Appellant)
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(Respondent)
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Assessee by
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Shri R.M. Gupta
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Revenue by
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Shri Parul Singh, Sr.DR
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Date of Hearing : 20.11.2020
Date of Pronouncement: 25 .11.2020
ORDER
PER R.K. PANDA, AM:
The assessee, through this Stay Application, requests the Tribunal to stay on the realization of outstanding demand of Rs.52,24,77,870/-.
- We have considered the rival arguments made by both the sides and perused the material available on record. The appeal of the assessee has already been heard and the order is awaited. Under these circumstances, we stay the realization of above
SA No.229/Del/2020
outstanding demand for a period of two months from today or till the appeal is disposed of whichever is earlier.
- In the result, the Stay Application is disposed of in terms indicated above.
The order pronounced in the open court on 25.11.2020.
Sd/- Sd/-
(SUCHITRA KAMBLE) (R.K. PANDA)
JUDICIAL MEMBER ACCOUNTANT MEMFBER
Dated: 25th November, 2020.
dk
Copy forwarded to :
- Appellant
- Respondent
- CIT
- CIT(A)
- DR
Dy. Registrar, ITAT, New Delhi
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