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2014 (7) TMI 565 - HC - Income TaxPower 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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