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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

Nimbus (India) Ltd. C/o RRA TAXINDIA, D-28, South Extension, Part-1, New Delhi. Vs. DCIT Central circle Noida.
August, 09th 2019
         IN THE INCOME TAX APPELLATE TRIBUNAL
               DELHI BENCH: `E' NEW DELHI

        BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER
                              &
            SHRI R.K. PANDA, ACCOUNTANT MEMBER

          Stay Application Nos. 818 & 819/Del/2019
               (In ITA Nos. 929 & 930/Del/2019)
            (Assessment Years: 2013-14 & 2014-15)

Nimbus (India) Ltd.              vs   DCIT
C/o RRA TAXINDIA,                     Central circle
D-28, South Extension,                Noida.
Part-1, New Delhi.
PAN No. AABCN6610K
APPELLANT                             RESPONDENT

        Assessee by          Sh. R.P. Basio, CA
                             Dr. Rakesh Gupta, Adv.
                             Sh. Sankalp Malik, Adv.
        Revenue by           Sh. Amit Katoch, Sr. DR

               Date of Hearing          09.08.2019
            Date of Pronouncement       09.08.2019

                              ORDER

PER SHRI BHAVNESH SAINI, J.M.

     We have heard Ld. Representatives of both the parties.

2.   The assessee in the present stay applications seek extension
of the stay already granted against outstanding demand, vide
order dated 01.03.2019 for assessment years 2013-14 & 2014-15.
                                  2
                                       Stay Application Nos. 818 & 819/Del/2019








The record revealed that stay against outstanding demand was
granted for a period of 180 days or disposal of the appeals,
whichever occurs earlier, subject to part payments which assessee
has complied with. There is no delay attributable to assessee for
disposal of the appeals. In this view of the matter, we extend the
stay against outstanding demand for both the assessment years in
reference for a period of six months or disposal of the appeals,
whichever expire earlier, subject to the same terms.

3.   In the result, stay applications are allowed.

     Order pronounced in the open Court.


          Sd/-                                 Sd/-
        (R.K. PANDA)                      (BHAVNESH SAINI)
    ACCOUNTANT MEMBER                    JUDICIAL MEMBER
Dated: 09/08/2019
*Kavita Arora

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

                                         ASSISTANT REGISTRAR
                                              ITAT NEW DELHI
                                              3
                                                      Stay Application Nos. 818 & 819/Del/2019








Date of dictation                                                    09.08.2019
Date on which the typed draft is placed before the dictating         09.08.2019
Member
Date on which the typed draft is placed before the Other Member      09.08.2019
Date on which the approved draft comes to the Sr. PS/PS              09.08.2019
Date on which the fair order is placed before the Dictating Member   09.08.2019
for pronouncement
Date on which the fair order comes back to the Sr. PS/PS             09.08.2019
Date on which the final order is uploaded on the website of ITAT     09.08.2019
Date on which the file goes to the Bench Clerk                       09.08.2019
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

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