The case of ITA No. 854/DEL/2019 involves Rajdhani Realcon Pvt. Ltd., which appealed for an extension of a stay originally granted in 2015, highlighting procedural delays and the need for timely judicial decisions.
Rajdhani Realcon Pvt. Ltd. faced ongoing tax assessments for the fiscal years 2009-10 and 2010-11. The complexity of the issues, particularly concerning transfer pricing and corporate guarantees, led to multiple adjournments and extensions of stay orders by the Income Tax Appellate Tribunal, Delhi.
The tribunal’s decision in August 2019, presided over by Shri R.K. Panda and Shri K. Narasimha Chary, focused on the procedural aspects that delayed the resolution of the appeal. Despite the repeated extensions, the tribunal acknowledged that the delays were not attributable to the conduct of the assessee but were rather due to the necessity to constitute a Special Bench for complex transfer pricing issues.
This case underscores the challenges in the tax adjudication system, particularly in handling complex corporate tax matters that require specialized judicial panels. The decision to extend the stay reflects the tribunal’s attempt to balance judicial efficiency with fairness in legal proceedings.
The case of ITA No. 854/DEL/2019 is pivotal in understanding the dynamics between corporate tax issues and judicial process timelines. It highlights the importance of addressing procedural delays in tax litigation to uphold the principles of justice and equity in fiscal matters.
Exploring ITA No. 854/DEL/2019: Extension of Stay for Rajdhani Realcon Pvt. Ltd.
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