2017 (9) TMI 1796

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....ellant : S/Shri Jahangir D. Mistri & Madhur Agarwal For the Respondent : Shri. Saurabh Deshpande ORDER PER G.S. PANNU,AM: By way of the present application assessee seeks extension of the outstanding demand of Rs. 125,42,11,550/- which was earlier extended by way of order of the Tribunal dated 17/03/2017 in SA No.168/Mum/2017. 2. We have heard the parties and find that the stay on t....

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....sessee who had sought adjournment and that now the appeal is fixed for hearing on 02/11/2017. It was also pointed out that on 02/11/2007, even the cross appeal filed by the Revenue for the captioned assessment year in ITA No. 1799/Mum/2016 is fixed for hearing. It was, therefore, contended that the stay on the recovery of the outstanding demand be extended, since the reasons for nondisposal of the....

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....ituation in assessment year 2009-10, in appeal No.1257/Mum/2014 vide its order sheet entry dated 13/01/2015. In fact, the Tribunal recorded in its order dated 13/01/2015(supra) that the Assessing Officer shall not recover the demand to the extent it related to the denial of deduction under section 80IC of the Act till the disposal of the appeal by the CIT(A) for assessment year 2008-09. Be that as....