2015 (4) TMI 498

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....RDER Per Vijay Pal Rao, JM By way of this Stay Application, the assessee is seeking stay of outstanding demand of Rs. 53.24 Lakhs arising from assessment order passed u/s 144C(13) of the Income Tax Act for the A.Y. 2010-11 2. We have heard the Ld. AR as well as Ld. DR and considered the relevant material on record. The Ld. Authorized Representative of the assessee has pointed out that the deman....

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.... well as careful perusal of relevant record. We note that TPO while determining the AMP expenses which in view of the TPO are to be reimbursed by the owner of the brand intangible has included various expenses as given in the table in para 10 of the impugned order as under;- Sales 780,561,766 AMP Expense   AMP as per Assessee's letter dated 20.01.2013 5,770,313 Add:   Free....

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....dingly, in view of the facts and circumstances of the matter, we find that the assessee has good prima facie case for grant of stay. Hence, we stay the outstanding demand of Rs. 53.24 Lakhs for a period of 180 days of till disposal of appeal whichever is earlier. The registry is directed to fix the appeal of the assessee for out of turn hearing on 19.05.2015. Since the date of hearing of the appea....