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TMI Blog2020 (3) TMI 1246X X X X Extracts X X X X X X X X Extracts X X X X ..... on as to whether the provisions of Section 13 (1) (c) of the Act is applicable or not. However, keeping in view that it is charitable trust, running educational school, we are inclined to grant stay of demand subject to payment of monthly installment of 2,00,000/-. The first installment shall be paid on or before 31st March, 2020 and the subsequent installment shall be paid on or before the last d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aritable trust duly registered u/s.12A of the Income Tax Act, 1961 (in short the Act ) and the demand in question had arisen on account of invoking the provisions of Section 13(1) (c) of the Act. It is submitted that there is no violation of conditions attracting the application of provisions of Section 13(1) (c) of the Act. Thus, it is prayed that balance of demand should be stayed till the di ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d, in case the assessee seeks any adjournment from hearing of appeal without any just and reasonable cause. The appeal is posted for hearing on 31.03.2020. The stay petition filed by the assessee is allowed on the above lines. 5. In the result, stay petition filed by the assessee is allowed on the above lines. Order pronounced on 13th day of March, 2020 at Chennai. - - TaxTMI - TMITax - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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