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2014 (7) TMI 565 - DELHI HIGH COURTPower to grant stay u/s 254(2A) of the Act – Stay to be granted beyond 365 days – Held that:- The Tribunal had no authority to extend the period of stay beyond a period of 365 days from the initial date of grant of stay - as 365 days had elapsed since 09.01.2013, when the initial stay was granted, the assessee could not approach the Tribunal for any further extension of stay – the decision in Commissioner of Income Tax- II Versus M/s Maruti Suzuki (India) Limited, Income Tax Appellate Tribunal & Another [2014 (2) TMI 1037 - DELHI HIGH COURT] followed - there is no bar for grant of relief if the Court is of the opinion that the circumstances and the ends of justice so warrant – assessee had already been granted conditional stay by the Tribunal in respect of the appeal and that the Tribunal has already heard the matter finally and has reserved orders – thus, the stay order granted by the Tribunal is to be continued till the disposal of the appeal by the Tribunal – Decided in favour of Assessee.
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