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2013 (1) TMI 516 - ITAT AHMADABADPowers of Tribunal - seeking extension of stay beyond 365 days - Held that:- As decided in CIT vs Ronuk Industries Ltd (2010 (11) TMI 461 - BOMBAY HIGH COURT) that the Tribunal has power to extend the period of stay beyond 365 dyas u/s.254(2A), third proviso, even if the delay in disposing off the appeal is not attributable to the assessee, there may be several other reasons for not disposing of the appeal by the ITAT. As the appellant paid 90% outstanding demand in A.Y. 08-09. Keeping in view of the legal position on this issue, stay the demand period of 180 days or till disposal of the appeal, subject to conditions that the appellant shall pay 90% demand for A.Y. 09-10, similar to A.Y. 08- 09 by 31.01.2013 & If the Hon’ble Supreme Court decides the case within stay period, the appellant should make a petition accordingly to start early hearing - Stay Applications of the assessee stand allowed in the terms indicated above.
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