2018 (2) TMI 1470

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....S For The Respondent : MR.E.I.SANMATHI, ADVOCATE ORDER Heard. Issue notice to respondents. 2. The present writ petition has been filed by the Assessee, M/s Flipkart India Limited, Bangalore aggrieved by the interlocutory order passed by the Income Tax Appellate Tribunal on 06.02.2018 on the stay application filed by the petitioner-assessee for the Assessment year 2015-16 in its pend....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e direct the registry to advance the hearing date to 09.04.2018. The stay order is subject to condition that the assesseecompany shall not seek adjournment of the appeal without any just and reasonable. In the result, stay petition is disposed of on the above lines." 4. Various contentions have been raised by the learned counsel for the petitioner on merits of the case itself for assailing t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the Assessee- Company is unable to deposit the 50% of the demand in question on or before 28.02.2018 and furnish the back guarantee for the balance amount within a period of six months as directed by the learned Tribunal. He has drawn the attention of the Court towards the figures given in the stay application filed before the learned Tribunal and submitted before the Court that the Assessing Auth....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e said appeal, it is considered just and proper in the facts and circumstances, for the limited period, to direct the petitioner-assessee to further deposit a sum of Rs. 10 Crores against the impugned demand within a period of two weeks with the respondent-Income Tax Department and further to undertake before the Tribunal that they will not seek any adjournment of hearing of the said appeal on the....