2024 (1) TMI 210

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.... For the Assessee : Shri Ajay Vohra, Sr. Adv. & Shri Divyanshu Agrawal, Adv. For the Respondent : Shri Sanjay Kumar, Sr. DR ORDER Captioned application has been filed by the assessee seeking stay on recovery of outstanding demand of Rs. 101,50,43,635 pertaining to assessment year 2017-18. 2 We have heard Shri Ajay Vohra, learned senior counsel for the assessee and Shri Sanjay Kumar, le....

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....ns issued to the assessee does not contain a Documents Identification Number (DIN). Therefore, for this reason also, not only DRP direction is invalid but consequentially, the final assessment order is also invalid. Thus, he submitted, since, assessee has a strong prima facie case in its favour, recovery of outstanding demand requires to be stayed. Without prejudice, he submitted, assessee is will....

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.... of judgment. Of course, in course of proceedings before the DRP, the assessee did furnish additional evidences. However, it is the allegation of the assessing officer that during the remand proceedings, assessee did not comply to various queries raised by him. 8. Be that as it may, considering the prima facie case, balance of convenience and various other factors including the fact that the as....