2014 (10) TMI 1044 - AT - Income Tax

Extension of stay in respect of the stay already granted by Tribunal - HELD THAT - The stay was granted for a period of six months or the disposal of assessee s appeal, whichever is earlier. We found that all the conditions stipulated by the Tribunal in its order dated 14-3-2014 have duly been complied with by the assessee. We also found that after grant of stay, whenever the case was fixed for hearing the department has sought for adjournment. Thus we found that it is a fit case for grant extension of stay. Accordingly, we extend the stay till 27th February, 2015 or the date of passing of the order by the Tribunal, whichever is earlier. We further direct that if the assessee seeks any adjournment, the stay so granted will be automatically withdrawn.

Summary

The Appellate Tribunal ITAT Mumbai granted an extension of stay for the assessee until 27th February, 2015 or the date of passing of the order by the Tribunal, whichever is earlier. The stay was allowed as all conditions were complied with and the department had sought adjournments. If the assessee seeks any adjournment, the stay will be automatically withdrawn.