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2014 (7) TMI 432

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..... of natural justice - pursuant to the demand made, assessee has already paid 50% of the same – thus, the revenue is directed to dispose of the appeal as expeditiously as possible and pass orders on merits and in accordance with law after affording an opportunity of personal hearing to the assessee - there shall be an order of stay of the demand till the disposal of the appeal alone – Stay granted. .....

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..... ording to the petitioner, for the assessment year under consideration, the petitioner filed its return of income admitting as Nil. The same was selected for scrutiny and notice under Section 143(2) was issued on 21.09.2012 and subsequently another notice under Section 142(1) was issued on 12.09.2013 calling for specific details. However, the respondent without even affording an opportunity of pers .....

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..... 4. Heard the learned Standing counsel appearing on behalf of the respondent on the above submissions, who would submit that as submitted by the petitioner the appeal is pending before the authority and the petitioner has also deposited 50% of the demand made. 5. I have carefully considered the submissions made on either side. 6. Taking into consideration the fact that the respondent has n .....

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