Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (5) TMI 197 - HC - Income TaxPower to extend the stay beyond 365 days – Effect of insertion of the proviso to section 254(2A) of the Act - Held that:- The Tribunal has failed to take note of the aspect and erroneously held that the Tribunal has power to extend stay of demand beyond the period of 365 days even after insertion of third proviso to sub-section (2A) of Section 254 of the Act - as such, there is no pronouncement in Commissioner of Income Tax versus Ronuk industries Limited [2010 (11) TMI 461 - Bombay High Court] and a statutory authority, which has been granted statutory power, can exercise such power within the four corners of the statute granting such power – the order of the Tribunal is set aside – Decided in favour of Revenue.
|