2019 (2) TMI 1608 - HC - Income Tax

Early hearing of appeal - Renewal the bank guarantees - HELD THAT - On-merits by the Tribunal he has to repeatedly renew the bank guarantees though he is under no obligation to indemnify the respondents once he has cleared the entire tax liability. Be that as it may in the circumstances we direct the Income Tax Appellate Tribunal to make all endeavour to decide the appeals itself on-merits on the next date which is stated at the bar to be 07.03.2019. However in case for any unforeseen circumstances the Tribunal is not able to decide the appeals on the said date it shall definitely decide the same within 10 days thereafter.

Summary

The High Court directed the Income Tax Appellate Tribunal to decide on the appeals on merits by the next date, which is 07.03.2019. If not possible, the Tribunal must decide within 10 days thereafter. Adjourned to 27.03.2019.