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2014 (3) TMI 729 - HC - Income TaxExtension of stay of outstanding demand - Prima facie merits not considered – Held that:- The order of the Tribunal has refused to extend the stay not on the ground that it has no power to do so under Section 254 of the Act but only on the ground that the petitioner has no financial difficulty - the stay has been granted by the Tribunal from 27 July 2012 onwards and the petitioner has not in any manner contributed in the delay in disposing of the appeal by the Tribunal - when there is no change in circumstances which first led to granting of stay and continuing of the same by the Tribunal and accepted by the revenue, there is no reason as to why the stay should not be extended - it would be in the interest of justice if demands are stayed for assessment year 2006-07 and 2008-09 till the disposal of the appeal by the Tribunal – Decided in favour of Assessee.
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