2012 (8) TMI 1114 - AT - Income Tax

Demand of stay - Held that - As we have disposed of the appeals of the assessee by the order of Tribunal even dated, these Stay Applications have become infructuous and dismissed accordingly.

Summary

Issues: Stay of disputed outstanding tax balance

Issue 1: Stay of disputed outstanding tax balance
The assessee filed three Stay Applications seeking a stay on the disputed outstanding tax balance totaling Rs. 52.52 lakhs. The learned AR argued for the stay of payment until the appeal's disposal, while the learned DR contended that the stay was unnecessary as the appeals were already being heard and disposed of. The Tribunal, after hearing both parties and examining the records, noted that the appeals had been disposed of earlier. Consequently, the Tribunal deemed the Stay Applications as infructuous and dismissed them. The order was pronounced on 3rd August 2012.

In conclusion, the Appellate Tribunal, ITAT Hyderabad, in the case discussed, addressed the issue of stay of disputed outstanding tax balance through three Stay Applications. The Tribunal considered the arguments presented by both parties, ultimately dismissing the Stay Applications as the appeals had already been disposed of, rendering the stay unnecessary.