Income Tax Appellate Tribunal - Delhi
Lg Electronics Inc. , Korea vs Dcit Int. Taxation, Circle 2(2)(1), New ... on 20 May, 2022
Author: G.S. Pannu
Bench: G.S. Pannu
IN THE INCOME TAX APPELLATE TRIBUNAL,
DELHI BENCH: 'D' NEW DELHI
BEFORE SHRI G.S. PANNU, HON'BLE PRESIDENT
AND
SHRI SAKTIJIT DEY, JUDICIAL MEMBER
S.A. Nos.128/Del/2022
[Arising out of ITA No.7011/Del/2019]
Assessment Year: 2015-16
And
S.A. Nos.129/Del/2022
[Arising out of ITA No.7012/Del/2019]
Assessment Year: 2016-17
And
S.A. Nos.130/Del/2022
[Arising out of ITA No.179/Del/2021]
Assessment Year: 2017-18
M/s. LG Electronics Inc., Vs. DCIT,
Korea, International Taxation,
C/o- S/sh Amit Shrivastava Circle -2(2)(1),
& Ankul Goyal, Advocates, New Delhi
AZB & Partners,
A-8, Sector -4,
Noida
PAN :AAACL7929E
(Applicant) (Respondent)
Applicant by Sh. Deepak Chopra, Advocate
Sh. Ankul Goel, Advocate
Respondent by Sh. Mrinal Kumar Das, Sr. DR
Date of hearing 20.05.2022
Date of pronouncement 20.05.2022
2
S.A. Nos.128, 129 & 130/Del/2022
ORDER
PER SAKTIJIT DEY, JM:
Captioned applications have been filed by the assessee seeking extension of stay on recovery of outstanding demands pertaining to assessment years 2015-16, 2016-17 and 2017-18.
2. We have heard Sh. Deepak Chorpa, learned counsel appearing for the assessee and Sh. Mrinal Kumar Das, learned Departmental Representative.
3. It is evident, while considering the earlier stay applications filed by the assessee, the Tribunal not only had granted stay on recovery of outstanding demand but stay so granted was extended from time to time. On perusal of materials placed before us, we are further convinced that the cause for non-disposal of the corresponding appeals cannot be attributed to the assessee. Thus, prima facie, we are of the view that the facts and circumstances, based on which, stay was earlier granted to the assessee and extended from time to time, have not changed, in the meanwhile. Further, it has been brought to our notice that the corresponding appeals are now fixed for hearing on 27.06.2022. Thus, upon due consideration of the aforesaid 3 S.A. Nos.128, 129 & 130/Del/2022 factual position, we are inclined to extend the stay granted earlier for a further period of 180 days from the date of this order or till the disposal of the appeals, whichever is earlier.
4. In the result, stay applications are allowed, as indicated above.
Order pronounced in the open court on 20th May, 2022 Sd/- Sd/-
(G.S. PANNU) (SAKTIJIT DEY)
PRESIDENT JUDICIAL MEMBER
Dated: 20th May, 2022.
RK/-
Copy forwarded to:
1. Appellant
2. Respondent
3. CIT
4. CIT(A)
5. DR
Asst. Registrar, ITAT, New Delhi