grant of adjournment is concerned, same is declined
observing the long pendency of the matter. The Bench has directed the
ld. counsel for the assessee
such an
interim order dated 12.12.2008 was made absolute
during the pendency of the writ petition. At the time
of finalizing the return of income ... that
the assessee had not shown any income under the
head 'Long Term Capital Gain'. Thus, it can be
inferred that the assessee
alter, modify, or delete any ground of
appeal during the pendency of the appeal.
3. Briefly stated facts of the case are that the assessee ... capital gain' and 'income from
other sources'. The long-term capital gain on sale of the shares
amounting
Bench of the Hon'ble Delhi High Court and during the
pendency of the same, Settlement was arrived at,
whereupon, it was agreed that ... balance during A.Y. 2014-2015
in appeal. The assessee claimed long term capital loss on
account of transfer of the land. The finings
further submitted that if an assessee exercises
long-term distribution and long-term licensing manufacturing rights, it is
implicit that any investment in AMP whether ... only at the time
of such premature termination and not during the pendency of the
distributorship arrangement Thus, in case of a routine distributor,
disallowance
after
inordinate delay. The grievance is that it continued for a long period.
Therefore, the reliance placed by the assessee on the decision ... delay rests on the assessee in non-compliance and part
compliance, further, pendency of the order before the coordinate bench
based on which the initiation
come to the conclusion that income had indeed escaped
assessment, but as long as there are reasons for the Assessing Officer to believe
that income ... Officer to
make reference to the Transfer Pricing Officer, does not require pendency of any
proceedings before him. It was, according to the DRP, sufficient
Jatinder Machanda, New Delhi vs Department Of Income Tax
IN THE INCOME TAX APPELLATE TRIBUNAL
consideration of Rs.6.48 crores shall be taxed under the head
long term capitals gains during the year and not as the capital
gain ... assessee
was not legally competent to transfer the land during the
pendency of the notification and could not have got the
conveyance deed registered
cannot be issued, i.e.,
no reassessment proceedings can be initiated so long as assessment
proceedings pending on the basis of the return already filed ... initiated under
section 147 of the Act, when there is a pendency of the Return
before the Assessing Officer. The reasons given by the Tribunal