{"id":9213,"date":"2020-01-12T14:56:20","date_gmt":"2020-01-12T14:56:20","guid":{"rendered":"http:\/\/itatonline.org\/digest\/genearl-insurance-corporation-of-india-v-acit-2019-311-ctr-851-bom-hc\/"},"modified":"2020-10-10T10:33:15","modified_gmt":"2020-10-10T10:33:15","slug":"genearl-insurance-corporation-of-india-v-acit-2019-311-ctr-851-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/genearl-insurance-corporation-of-india-v-acit-2019-311-ctr-851-bom-hc\/","title":{"rendered":"General  Insurance Corporation of India v .ACIT ( 2019) 311 CTR 851\/ 267 Taxman 596 \/ 184 DTR 249\/  (2020)422 ITR 248  ( Bom) (HC) ."},"content":{"rendered":"<p>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 .\u00a0 Referred\u00a0 Circular No 530 dt 6 -03 1989\u00a0 ( 1989) 176 ITR 240 (St) \u00a0, Instruction No 1914 \u00a0(F.no 404 \/72\/93 \u2013ITCC) \u00a0dt 2 -02 1993 , (Feb-04) Income tax Review P.78<\/p>\n<p>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 \u2013 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)\u00a0 UTI Mutual Fund v ITO ( 2013) 260 CTR 56\/ 86 DTR 301 ( Bom) (HC) \u00a0\u00a0\u00a0(AY. 2017 -18)<\/p>\n<ul>\n<li>Editorial: Also refer Circular no 96 (F.NO 1\/6\/69 \u2013ITC ) dt. 21-8-1969<\/li>\n<li>Circular dt. 11-12-1970 \u2013 Reg \u2013Assurance 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)<\/li>\n<li>Circular no 334 dated 3-4-1982 ( 1982) 135 ITR 10 (st)<\/li>\n<li>Circular no 530 dated 6-3-1989 (1989 ) 176 ITR 240 (st)<\/li>\n<li>Circular no 589 dated 16-1-1991 (1991 ) 187 ITR 79 (st)<\/li>\n<li>Instruction no 1944 \u2013 dt 27-8-1997 Feb 04 Income Tax Review\u00a0 Feb -04. P 78.<\/li>\n<\/ul>\n<ul>\n<li>Mumbai Metropoliton Region Development v DDIT ( 2015) 273 CTR 317 ( Bom) (HC)<\/li>\n<li>Maheshwari Agro Industries v UOI (2012) 346 ITR 375 ( Raj) (HC)<\/li>\n<li>Flipkart India (P) Ltd v ACIT ( 2017) 396 ITR 551 ( Karn) (HC)<\/li>\n<li>PCIT v LG Eletronics India Pvt Ltd (CANO 6850 of 2018 dt 20 -07-2018 <a href=\"http:\/\/www.itatonline\/\">itatonline<\/a> .org<\/li>\n<li>RPG Enterprises Ltd. v. Dy. CIT (2001) 251 ITR AT 20 (30) (Mum.)&nbsp;\n<p>Maharashtra Housing &amp; Area Development Authority v. ADIT( E ) [2014] 160 TTJ 129 (Mum ( \u00a0\u00a0Trib.)<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 220 : Collection and recovery &#8211;  Assessee deemed in default \u2013 Stay \u2013  Relevant consideration \u2013 Conflicting decisions of Tribunal- Complete stay of demand may be granted -Decision of Jurisdictional High Court is binding on the CIT(A) &#8211;  Stay was granted   [ S. 220(6) , Art .226 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9213","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2oB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=9213"}],"version-history":[{"count":9,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9213\/revisions"}],"predecessor-version":[{"id":12898,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9213\/revisions\/12898"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}