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2016 (3) TMI 1334

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..... 1.3.2016. AR agreed to deposit the above amount by the stipulated date. This accommodation is subject to furnishing of undertaking to the satisfaction of the AO to the effect that assessee will not alienate or dispose of any of its immovable properties till the final disposal of the present appeal. The assessee will also not be entitled to seek any adjournment without just cause. In case any of th .....

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..... demand is on account of transfer pricing adjustment of AMP expenses, which issue has been decided by the Hon ble Delhi High Court in several cases in favour of the assessee. This was opposed by the ld. DR. 3. We have heard both the sides and perused the relevant material on record. Considering the totality of facts and circumstances of the instant cases, we are inclined to accept the request o .....

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..... vations, and subject to the above terms and conditions, the stay application of the assessee gets disposed of accordingly. The Registry is directed to fix this appeal for hearing 30.05.2016 after due notice to the parties, as was announced in the open court. 5. In the result, the stay application is allowed in above terms. Order pronounced in the open Court on 23 .03.2016. - - TaxTMI - .....

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