IN THE INCOME TAX APPELLATE TRIBUNAL

BANGALORE BENCH “A”

BEFORE SHRI A.K. GARODIA, ACCOUNTANT MEMBER AND

SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER

S.P. No. &

Petitioner Respondent
ITA No.
266/Bang/2018 M/s. Stumpp, Schuele and The ACIT Circle – 2,
(In IT(TP)A Somappa Springs Pvt. Ltd., LTU, Bengaluru
No.3142/Bang/2018) 139/2, Hosur Road,
(A.Y. 2014 – 15) Bengaluru– 560095.
PAN : AALCS7347E

Assessee By :Shri Neeraj Jain, Advocate

Revenue By :Smt. Srinandini Das, Addl. CIT (DR)

Date of Hearing :27.12.2018.

Date of Pronouncement :27.12.2018.
O R DE R
Per Shri A. K. Garodia, A.M. :

The assessee has filed this stay petition seeking stay of disputed outstanding
demand of Rs. 13,99,61,080/- for A. Y. 2014 – 15.
2. In course of hearing of this stay petition, it was submitted by the learned AR of
the assessee that the assessee is not in a position to make any further payment of
the disputed outstanding tax and the assessee will be satisfied if early hearing is
granted by rejecting this stay petition. Learned DR of the revenue had no objection
regarding granting of early hearing by rejecting the stay petition.
3. We have considered the rival submissions and in view of the facts discussed
above, we reject the stay petition and grant early hearing. The hearing of the appeal
is fixed on 19.01.2018. Since the date of hearing was pronounced in open court, no
notice of hearing is required to be issued.
4. In the result, the Stay petition filed by the assessee is dismissed.
Order pronounced in the open court on the date of hearing on conclusion of the
hearing.
Sd/- Sd/-
(PAVAN KUMAR GADALE) (A. K. GARODIA)
Judicial Member Accountant Member

Bangalore,
Dated: 27.12.2018.
MS*
 2
S.P. No.266/Bang/2018
(in IT(TP)A No. 3142/Bang/2018)

Copy to:
1. Appellant 4. CIT(A)
2. Respondent 5. DR, ITAT, Bangalore
3. CIT 6. Guard file
By order

Assistant Registrar,
Income Tax Appellate Tribunal,
Bangalore.