Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2020: Amendments to Section 254 require 20% tax deposit for Appellate Tribunal stay orders.</h1> Clause 97 of the Finance Bill, 2020, proposes amendments to section 254 of the Income-tax Act concerning orders by the Appellate Tribunal. The amendment mandates that the Appellate Tribunal cannot issue a stay order unless the assessee deposits at least 20% of the payable tax, interest, fee, penalty, or provides equivalent security. Additionally, no extension of stay will be granted if the appeal isn't resolved within the stay period unless the assessee meets the initial conditions and the delay is not their fault. The total stay period cannot exceed 365 days, effective from April 1, 2020.
TaxTMI 
TaxTMI 
