Seeking absolute stay, learned Authorized Representative of the
assessee submitted, the major additions giving rise to the present
demand relate to transfer pricing adjustment ... heard on an out of turn basis.
3. Opposing grant of absolute stay, learned Departmental
Representative submitted, assessee may be directed
While seeking absolute stay, Sh. Ajay Vohra, learned Senior
Counsel appearing for the assessee submitted, two major
additions, which gave rise to the present demand ... hearing of appeal.
4. Learned Departmental Representative, while opposing grant
of absolute stay, submitted that the assessee may be directed
Pradeep Wig,New Delhi vs Acit Central Circle-5, New Delhi on 29 April, 2025
Dcit Central Circle - 5, New Delhi vs Neera Wig, New Delhi on 29 April, 2025
That the impugned major dis allowanc e of
Rs.321,83,310 /-, made on adhoc basis @ 40% of
power expenses is absolutely arbitrary , unwarr anted
pleaded that the business of the
assessee would suffer irreparably in case absolute stay
against the demand raised is not granted as further coercive
steps ... department are lik ely to be taken. It was stated
that the major portion of the total demand has already been
paid and that
pleaded that the business of the
assessee would suffer irreparably in case absolute stay
against the demand raised is not granted as further coercive
steps ... department are likely to be taken. It was stated
that the major portion of the total demand has already been
paid and that the assessee
customer paying the entire amounts due, the vehicle became the sole and absolute property of the customer. The question was whether when by operation ... which was taxable under the Travancore-Cochin General Sales-tax Act. The majority view of the three Judges' Bench
Bcl Securities Pvt Ltd, Gurgaon vs Acit Circle-4(1), New Delhi on 8 October
shares/securities. In this
background, while recognizing that no universal principal in absolute
terms can be laid down to decide the character of income from ... nature of capital
gain or business income), CBDT realizing that major part of
shares/securities transactions takes place in respect of the listed ones
