2014 (8) TMI 1003

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..... . This is so because according to the petitioner the assessment is a high pitched one inasmuch as it is approximately 17 times of the returned income. Consequently, we set aside the impugned order dated 06.08.2014 and remit the matter to the ACIT, Range-3, New Delhi for a fresh consideration of the stay application filed by the petitioner after taking into account the above mentioned decision of t .....

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..... Dy. CIT. [2010] 323 ITR 305/[2008] 173 Taxman 468 (Delhi) and, in particular, paragraph 8 thereof where the above mentioned two instructions have been considered as also the earlier decision of this court in Valvoline Cummins Ltd. v. Dy. CIT [2008] 307 ITR 103/171 Taxman 241 (Delhi). Considering the same, we feel that it would be appropriate if the ACIT reconsiders the application of the petition .....

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