2018 (4) TMI 1729 - AT - Income Tax

Stay of demand - HELD THAT - Earlier stay against the outstanding demand was granted, subject to certain terms, which, according to the Learned Counsel for the Assessee have already been complied with. Lastly, the stay against the outstanding demand was granted vide order dated 09th October, 2017. There is no delay on the part of the assessee for disposal of the appeal. The demand is further stayed for a period of six months or disposal of the appeal whichever expires earlier, subject to the same terms.

Summary

The Appellate Tribunal ITAT DELHI granted an extension of stay against the outstanding demand for the assessee for a period of six months or disposal of the appeal, subject to certain terms. The stay application was allowed as there was no delay on the part of the assessee for disposal of the appeal.