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2010 (4) TMI 747 - HC - Income TaxStay application - Extension of stay - power of tribunal to extend stay - The fact that an issue was pending before the Special Bench was not a reason for the Tribunal not to dispose of the appeal, particularly since the consequence of the inability of the Tribunal to do so would result in the vacating of the order of stay, which was passed originally in favour of the assessee. It is unfortunate that the Tribunal simply adjourned the appeal merely on the ground of the pendency of an identical issue before the Special Bench. The state of affairs which has come to pass could well have been avoided by the appeal being taken up for final disposal. - Revenue shall not take any coercive steps for enforcing the demand which forms the subject-matter of the appeal - The Tribunal is directed to dispose of the pending appeal within a period of four months from today.
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