2010 (2) TMI 1317

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.....C. (It-Dept) ORDER By means of the present petition, the petitioner is challenging the assessment order passed under Section 158BD of the Act and also the order passed by the Additional Commissioner of Income Tax, Range-2, Meerut rejecting the stay application. Admittedly, the petitioner has filed appeal against the block assessment order dated 31.12.2009 before the Commissioner of Income Tax....

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....tay application, the Bombay High Court in the case of KEC International Ltd. v. B.R. Balakrishnan and others, reported in 251 ITR--158 has stated the parameters on which the stay application should be disposed of. Thus, the CIT (Appeals) may be directed to dispose of the stay application in view of the parameters provided by the Bombay High Court in the aforesaid decision. In view of the aforesai....