2019 (9) TMI 1663

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....Shri Duvvuru Rl Reddy, Judicial Member For the Petitioner : Shri. G. Sekar, FCA. For the Respondent : Ms. R. Anitha, IRS, JCIT. ORDER PER INTURI RAMA RAO, ACCOUNTANT MEMBER These stay petitions are filed by assessee seeking stay of demand Rs.20,07,572/- for assessment year 2010-11, A89,52,913/- for assessment year 2011-12, Rs.4,73,74,620/- for assessment year 2012-13, Rs.2,98,72,398/- for as....

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....tted that petitioner had got strong prime facie case in its favour since depreciation on the brand value is intangible asset eligible for depreciation. 5. On the other hand, the Ld. Sr. Departmental Representative vehemently opposed the stay petition. 6. We heard the rival submission and perused the material on record. From the perusal of the assessment order, it is clear that the Assessing Offi....

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....ove. Therefore, we are not inclined to grant stay of demand and accordingly, the stay petition filed by the assessee stands dismissed. S.P. Nos. 253, 254, 255, 256, 257 and 258/CHNY/2019 for assessment years 2011-12, 2012-13, 2013-14, 2014-15, 2015-16 and 2016-2017. 7. Since, the facts in the present stay petitions are identical to the facts in S.P.No.251/Chny/2019, for assessment year 2010-201....