https://www.taxtmi.com/caselaws?id=377904 The Tribunal granted a partial stay on a tax demand of Rs. 4,91,49,730 for Assessment Year 2014-15, stemming from an ALP adjustment under section 92CA of the Income Tax Act, 1961. The appellant, contesting the denial of deduction under section 80IB, argued their activities constituted manufacturing. Despite the appellant's failure to establish a strong prima facie case, the Tribunal granted the stay as the appellant had paid Rs. 2 crores already. The appellant was required to pay an additional Rs. 1 crore by a specified date to maintain the stay, with a warning against unjustified adjournments. en-us Wed, 27 Mar 2019 00:00:00 +0530 Fri, 05 Apr 2019 08:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377904 The Tribunal granted a partial stay on a tax demand of Rs. 4,91,49,730 for Assessment Year 2014-15, stemming from an ALP adjustment under section 92CA of the Income Tax Act, 1961. The appellant, contesting the denial of deduction under section 80IB, argued their activities constituted manufacturing. Despite the appellant's failure to establish a strong prima facie case, the Tribunal granted the stay as the appellant had paid Rs. 2 crores already. The appellant was required to pay an additional Rs. 1 crore by a specified date to maintain the stay, with a warning against unjustified adjournments. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377904