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| The Tax Publishers2020 TaxPub(DT) 4453 (Chen-Trib) : (2020) 080 ITR (Trib) 0456 INCOME TAX ACT, 1961
Section 254(2A)
Where no case, whatsoever, had been made by assessee for stay of demand on all the grounds of prima-facie case, balance of convenience, irreparable loss and financial difficulties, the stay petition filed by assessee lacks merits and was dismissed.
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Appeal (Tribunal) - Stay of demand - No case made out for stay -
Assessee seeks stay of demand raised through documents seized during search operations as well statement recorded during search operations wherein it was found that assessee had received cash over and above sale value recorded in registered sale deed from sale of property which was not offered for taxation and no taxes stood paid on these unaccounted on-money allegedly received by assessee in cash from buyers of property. Held: No case, whatsoever, had been made by assessee for stay of demand on all the grounds of Prima-facie case, balance of convenience, irreparable loss and financial difficulties and hence this stay petition filed by assessee lacks merits and was dismissed.
REFERRED :
FAVOUR : Against the assessee.
A.Y. : 2015-16
IN THE ITAT, CHENNAI BENCH
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