2016 (3) TMI 1412

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..... is business of distributorship of Sony Channels estimated for seven years whereas the assessee has actually acquired the ownership rights of the channels after 4 years - as stated that if the demand raised by the AO on estimation basis for 7 years is considered for 4 years as the assessee has obtained the ownership rights of the channels after 4 years, in that event, the resultant figure will resu .....

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..... ant Member And Shri Sanjay Garg, Judicial Member For the Assessee : Shri Nishant Thakkar, A.R. For the Revenue : Shri Ashish K. Heliwal, D.R. ORDER Per Sanjay Garg, Judicial Member: Present is an application moved by the assessee seeking stay of the recovery of the impugned balance/tax amount and interest. On the last date of hearing the Tribunal had directed the Assess .....

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..... the channels after 4 years. He has stated that if the demand raised by the AO on estimation basis for 7 years is considered for 4 years as the assessee has obtained the ownership rights of the channels after 4 years, in that event, the resultant figure will result into refund due to the assessee. 3. Considering the above submissions of the Ld. A.R., we find that there is a prima-facie case in .....

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