Home › Tax Laws › General Insurance Corporation of India v .ACIT ( 2019) 311 CTR 851/ 267 Taxman 596 / 184 DTR 249/ (2020)422 ITR 248 ( Bom) (HC) .

General Insurance Corporation of India v .ACIT ( 2019) 311 CTR 851/ 267 Taxman 596 / 184 DTR 249/ (2020)422 ITR 248 ( Bom) (HC) .

S. 220 : Collection and recovery – Assessee deemed in default – Stay – Relevant consideration – Conflicting decisions of Tribunal- Complete stay of demand may be granted -Decision of Jurisdictional High Court is binding on the CIT(A) – Stay was granted [ S. 220(6) , Art .226 ]

Allowing the petition the Court held that CBDT Circular No 530 dt 6 th March 1989 ( 1989) 176 ITR 240 (St) , states that stay of demand be granted where there are conflicting decisions of the High Court . This principle can be extended to the conflicting decisions of the different Benches of the Tribunal . Accordingly complete stay is warranted . The CIT(A) is bound to follow the decision of jurisdictional High Court and not justified in following the decision of the CIT(A) for earlier year . CIT (A) is directed to early disposal of the appeal .  Referred  Circular No 530 dt 6 -03 1989  ( 1989) 176 ITR 240 (St)  , Instruction No 1914  (F.no 404 /72/93 –ITCC)  dt 2 -02 1993 , (Feb-04) Income tax Review P.78

Office Memorandum F.NO 404 /72/93-ITCC dt 29 th Feb 2016 ( 2016) 132 DTR 341 (St) , Office Memorandum F.NO 404 /72 /93 – ITCG dt 31 -07 2017 ( 2017) 154 DTR 37 (St)/ 296 CTR 641 (St) ,Mumbai Metropolitan Region Development Authority v Dy.CIT ( 2014) 112 DTR 201/ (2015) 273 CTR 317 ( Bom) (HC) , Kee International Ltd v.B.R.Balakrishan ( 2001) 251 ITR 158 (Bom) (HC) , UTI Mutual Fund v ITO ( 2012) 345 ITR 71 (Bom) (HC)  UTI Mutual Fund v ITO ( 2013) 260 CTR 56/ 86 DTR 301 ( Bom) (HC)    (AY. 2017 -18)

  • Editorial: Also refer Circular no 96 (F.NO 1/6/69 –ITC ) dt. 21-8-1969
  • Circular dt. 11-12-1970 – Reg –Assurance Given by the Minister for Revenue and Expenditure on the floor of Lok sabha on 11-12-1970 . (Reproduced in Vikrambhai Punjabhai Plakhiwala v. S.M Ajbanji Recovery Officer and others (1990) 182 ITR 413 (Guj)(HC) (at 420 , 421)
  • Circular no 334 dated 3-4-1982 ( 1982) 135 ITR 10 (st)
  • Circular no 530 dated 6-3-1989 (1989 ) 176 ITR 240 (st)
  • Circular no 589 dated 16-1-1991 (1991 ) 187 ITR 79 (st)
  • Instruction no 1944 – dt 27-8-1997 Feb 04 Income Tax Review  Feb -04. P 78.
  • Mumbai Metropoliton Region Development v DDIT ( 2015) 273 CTR 317 ( Bom) (HC)
  • Maheshwari Agro Industries v UOI (2012) 346 ITR 375 ( Raj) (HC)
  • Flipkart India (P) Ltd v ACIT ( 2017) 396 ITR 551 ( Karn) (HC)
  • PCIT v LG Eletronics India Pvt Ltd (CANO 6850 of 2018 dt 20 -07-2018 itatonline .org
  • RPG Enterprises Ltd. v. Dy. CIT (2001) 251 ITR AT 20 (30) (Mum.) 

    Maharashtra Housing & Area Development Authority v. ADIT( E ) [2014] 160 TTJ 129 (Mum (   Trib.)