Grant of extension of stay for an outstanding demand under the Income Tax Act


Quick Summary
The Income Tax Appellate Tribunal (ITAT) Mumbai has granted an extension of stay for an outstanding demand of over £31 lakh for the assessment year 2014-15. The assessee requested the extension due to delays in the disposal of their appeal, which were not attributed to the assessee. The Tribunal acknowledged this and granted a stay for six months or until the appeal is decided, whichever comes first. The assessee is also required to avoid seeking adjournments.

Court :
ITAT Mumbai

Brief :
By way of this stay application, the assessee seeks grant of extension of stay for the outstanding demand of 31,35,68,000, pertaining to the assessment year 2014–15.

Citation :
S.A. no.66/Mum./2021

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