2014 (6) TMI 433

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....Respondent : Shri Maurya Pratap ORDER Per Sanjay Arora, A. M.: This is a Stay Application ('SA' for short) by the Assessee qua its appeal preferred before the tribunal on 27.02.2014 in respect of its assessment under the Income Tax Act, 1961 ('the Act' hereinafter) for the assessment year (A.Y.) 2009-10. 2.1 Opening the arguments for and on behalf of the assessee, it was submitted by t....

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....gain an investment advisory firm, as the assessee, wherein similarly, comparison was made with Motilal Oswal. The same was found not comparable with the appellant-company in-as-much as the former was a merchant banker with diversifeed activities, viz. takeover, acquisitions, disinvestment, etc. On being queried that this was also for the reason that no segmental reporting in respect of the said fi....

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....he other hand, would submit that the orders by the authorities below are well considered, after having taken all the aspects of the matter into account. 3. We have heard the parties, and perused the material on record. Our purview in the present proceedings is only qua a balance of convenience, and toward which the assessee has before us pleaded of having a prima facie case in-as-much as the co....