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!
« ITAT-Constitution of Benches »
Open DEMAT Account in 24 hrs
 Mere Securing a House on Rent in USA is not conclusive fact that Assessee is US Resident to Allow DTAA Benefit: ITAT
 20 LPA Opening Hiring Qualified CA For Assurance Manager Profile
 Non-Filing of Income Tax Return amounts to Escapement of Income: ITAT upholds Reassessment u/s 147
 Non Appreciation of facts in true perspective: ITAT sets aside Revision Order
 No Evidence of Tax Evasion by showing Fictitious or False Transactions: ITAT deletes Addition of Expenditure u/s 40A(3)
 Earning Interest Income from Inter-Corporate Deposit is Business Income: ITAT
 Income Tax Penalty u/s 271E cannot be levied in the absence of Regular Assessment: ITAT
 ITAT deletes Addition u/s 68 of Income Tax Act Firm not Taxable for Capital introduced by Partner
 Payment for Facebook Ads and Other Digital Advertising Companies not subject to TDS as per DTAA: ITAT
 No Service Tax Leviable on Goods component of Composite Works Contract as VAT has been paid: CESTAT
 ITAT deletes Addition on Account of Investment made from Undisclosed Sources as all Transactions were made through Banking Channels

ITAT stays recovery of outstanding Tax Arrears to the tune of Rs.1260.56 Crores against Google India
December, 14th 2020

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench stayed the recovery of outstanding tax arrears to the tune of Rs.1260.56 Crores against Google India.

Originally the stay was granted by the Tribunal for a period of six months. As per the original stay order of the Tribunal, the assessee was directed to pay Rs.15 crore towards the outstanding tax demand within a period of one month from the date of receipt of the order.

 

The assessee, Google India had complied with the conditions mentioned by the Tribunal for the grant of stay. Later, the stay against recovery of outstanding tax arrears was extended.

By the second order of stay, the recovery of outstanding demand was stayed for a period of six months or till the disposal of the appeal whichever is earlier.

The appeal was posted for hearing on October 8, 2020, however, the same was adjourned by the Bench to January 5, 2021 to await the outcome of the preceding year pending adjudication before the Hon’ble High Court of Karnataka.

 

The Coram consisting of George George K. and B.R. Baskaran held that the assessee has already complied with the conditions mentioned in the stay orders passed by the Tribunal.

Therefore, the ITAT opined that the stay needs to be extended for a further period of six months or till the disposal of the appeal whichever is earlier.


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