2013 (12) TMI 1396

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..... Nainawati & Shri Jigar Shah, Advs. For the Respondent : Shri K Sivakumar, AR PER : M V Ravindran When these applications for extension of stay orders were called out, learned departmental representative submits that on an identical issue of extension of stay, the Hon'ble High Court of Karnataka in Income Tax Appeal No. 160/2012 has considered the provisions of section 254(2A) of the Income Tax .....

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..... ills Private Limited. He produces copy of such order which has been passed. 3. On perusal of the said orders, we do find that the Hon'ble High Court of Karnataka in the case of Income Tax Act has held that ITAT cannot extend the stay orders which have been granted by the Tribunal due to the specific provisions of Section 254 (2A) of the Income Tax Act. At the same time, their Lordship was only co .....

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..... any reason to deviate from the law as has been laid by the Principal Bench in the case of extension of stay. Accordingly, proposition as mooted by the learned departmental representative is dismissed and extensions as prayed for by the assessees herein are allowed. 4. The applications for extension of stay are allowed in the light of the Larger Bench decision in the case of IPCL Vs. CCE, Vadodara .....

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