2020 (1) TMI 623

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..... n three monthly installments before 31st March 2020. On such payment, the order passed by the Assistant Commissioner of Income Tax stands stayed till the disposal of the appeal. Further, the Income Tax Appellate Tribunal is directed to expedite the hearings. - W.P.No.35209 of 2019 And W.M.P.Nos.35996 & 35998 of 2019 - - - Dated:- 20-12-2019 - Mr. Justice N. Kirubakaran And Mr. Justice P .....

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..... er in which a sum of ₹ 80 Crores was mentioned as the cost of the property. Therefore, the Department construed the sale consideration as ₹ 80 Crores. 3.The third respondent after issuing notice, added ₹ 21.94 Crores as unexplained income and brought the amount to tax vide Assessment Order dated 29.12.2016 issued under Section 143(3) read with Section 153C/153A .....

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..... that the petitioner has already deposited a sum of ₹ 2.96 crores, it is appropriate to direct the petitioner to pay a sum of ₹ 1 Crore in three monthly installments before 31st March 2020. On such payment, the order passed by the Assistant Commissioner of Income Tax stands stayed till the disposal of the appeal. Further, the Income Tax Appellate Tribunal is directed to expedite the hea .....

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