Stay period definition clarifies start as grant date and end upon receipt of certified vacating order by tax authority. The amended Explanation to section 263 defines the stay period as commencing on the date a court grants an order or injunction staying any proceeding ... Summary
Stay period definition clarifies start as grant date and end upon receipt of certified vacating order by tax authority.
The amended Explanation to section 263 defines the stay period as commencing on the date a court grants an order or injunction staying any proceeding under section 263 and ending on the date a certified copy of the order vacating the stay is received by the jurisdictional tax authority (Principal Commissioner or Commissioner).
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