Allowing the petition for stay of recovery the Court held that Respondents were directed not to enforce the demand and also not to adjust the refund amounts due and payable during the pendency of appeal before the Tribunal . Court also directed the Tribunal to complete the hearing as expeditiously as possible and under no circumstances beyond 31st March, 2019. (AY.2013-14)
Sony India (P) Ltd. v. ITAT (2019) 306 CTR 305 / 173 DTR 321 (Delhi ) (HC) Sony Mobile Communications India (P) Ltd. v. ITAT (2019) 306 CTR 305 / 173 DTR 321 (Delhi)(HC)
S. 226 : Collection and recovery-Stay–Pendency of appeal before Appellate Tribunal-Transfer pricing adjustments–Respondents were directed not to enforce the demand and also not to adjust the refund amounts due and payable during the pendency of appeal before the Tribunal–Tribunal is directed to complete the hearing as expeditiously as possible and under no circumstances beyond 31st March, 2019. [S. 220, 254(1), Art. 226]