| Discussions Forum | ||||||
Home  Forum Income Tax This
|
||||||
| A Public Forum. Anyone can participate to share knowledge. |
||||||
|---|---|---|---|---|---|---|
| We acknowledge the contributions of Experts/ Authors. | ||||||
Submit new Issue / Query |
||||||
query regarding stay period, Income Tax |
||||||
|
||||||
query regarding stay period |
||||||
this is a very general query. if a tribunal grants a stay on a person from non-payment of any interest etc. and a higher authority (eg. High Court) subsequently revokes the stay, then is there any liability to make any payment during the stay period or is the party exempted from it? mention of one or two case laws would be helpful too. thanks. Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Dear Amita, It is settled legal position that Judgments pronounced by the High Courts would be followed by the Lower Authorities including Tribunals. You would have two options either pay it or seek a stay from the Apex Court. Regards Team YAGAY & SUN
Thank you for your reply. If you could clarify it for me further - if the court revokes the stay order does that mean that the party will have to pay the amount for the stay period that was granted too?
Dear Amita, Interest would be payable from the date of pronouncement of judgment by the Hon'ble High Court. Regards, Team YAGAY & SUN Page: 1 Old Query - New Comments are closed. |
||||||
