2018 (3) TMI 1703

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... balance demand is stayed for 3 months or till disposal of the appeal whichever is earlier. As further directed that the assessee shall not seek any adjournment in the matter without showing any reasonable cause to the satisfaction of the Bench, otherwise the stay would stand vacated. - Stay Application No. 06/JP/2018 And ITA No. 226/JP/2018 - - - Dated:- 9-3-2018 - SHRI VIJAY PAL RAO, JM AND S .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... enalty has been enhanced from 10% to 30% on account of slight delay in filing the return of income by 21 days. It was further submitted by the ld AR that the merits of the case are in favour of the assessee and the assessee is hopeful that the matter would be decided in its favour. It was further submitted that the assessee is passing through great financial hardship and the assessee has no liquid .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X