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Income Tax Appellate Tribunal - Mumbai

Multi Screen Media P.Ltd, Mumbai vs Asst Cit Cen Cir 3(2), Mumbai on 25 September, 2018

                IN THE INCOME TAX APPELLATE TRIBUNAL
                     MUMBAI BENCH "J", MUMBAI

          BEFORE SHRI G.S. PANNU, ACCOUNTANT MEMBER AND
                  SANDEEP GOSAIN, JUDICIAL MEMBER

        SA NO. 419/MUM/2018                   :         A.Y : 2010-11
 (arising out of ITA NO. 1256/MUM/2015)

 Sony Pictures Networks India Private       Vs.   ACIT, Circle-3(2), Mumbai
 Limited (formerly known as Multi                 (Respondent)
 Screen Media Private Limited)
 Interface, 4th floor, Building No. 7,
 Off Malad Link Road, Malad (W),
 Mumbai 400 064. (Applicant)
 PAN : AABCS1728D


                    Applicant by         : Shri Hiten Chande
                    Respondent by        : Shri Jayant Kumar

                    Date of Hearing : 25/09/2018
                    Date of Pronouncement : 25/09/2018


                                  ORDER


PER G.S. PANNU, AM :

By way of the captioned application, assessee seeks extension of stay on the recovery of demand earlier granted by the Tribunal vide order dated 16.03.2018.

2. In this context, it was pointed out that the corresponding appeal of the assessee is part-heard and is now fixed for final hearing on 08.10.2018.

Sony Pictures Networks India Pvt. Ltd.

It was also brought out that the non-disposal of the appeal since the earlier extension is not for reasons attributable to the assessee. The ld. DR has not controverted the factual matrix brought out and, therefore, we deem it fit and proper to hold that the stay already granted by the Tribunal be extended for a further period of six months or till the date of disposal of the appeal of assessee, whichever is earlier.

3. The stay application is disposed off as above.

The above decision was pronounced in the open court in the presence of both the parties at the conclusion of the hearing on 25th September, 2018.

       Sd/-                                                       Sd/-
(SANDEEP GOSAIN)                                             (G.S. PANNU)
JUDICIAL MEMBER                                          ACCOUNTANT MEMBER

Mumbai, Date : 25th September, 2018 *SSL* Copy to :

1)    The Appellant
2)    The Respondent
3)    The CIT(A) concerned
4)    The CIT concerned
5)    The D.R, "J" Bench, Mumbai
6)    Guard file
                                                           By Order


                                                     Dy./Asstt. Registrar
                                                     I.T.A.T, Mumbai