2014 (3) TMI 408

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..... alance sheet income shown by the appellant only has to be considered for raising a demand on the appellant is an issue which may take considerable time of the Bench for coming to a conclusion - Conditional stay granted. - ST/12444 of 2013 - M/15717/2013 - Dated:- 2-12-2013 - M V Ravindran And H K Thakur , JJ. For the Appellant : Shri P M Dave, Adv. For the Respondent : Shri S K Mall, AR .....

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..... t the above demands have been confirmed by invoking extended period of limitation. After considering the deliberations made by both sides, we are of the view that entire issue needs to be gone into detail as to the retrospective amendment on the valuation of the same done by the legislature in May 2010 in respect of renting of immovable property; whether the balance sheet income shown by the appel .....

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..... efore Deputy Registar. Deputy Registar after ascertaining such compliance shall place the file before the bench for appropriate orders on 10.02.2014. Subject to such compliance being reported, application for the waiver of pre-deposit of the balance amounts involved is allowed and recovery thereof stayed till the disposal of appeal. (Dictated and pronounced in the Court) - - TaxTMI - TMITax .....

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