https://www.taxtmi.com/caselaws?id=66305 The Tribunal dismissed the stay petition filed by the assessee, holding that the second proviso to section 254(2A) applies to all stay petitions considered after 1-6-2001, and the initial stay order stood vacated after 180 days. The Tribunal emphasized that the power to grant stay is subject to review and is not absolute. The Tribunal also held that the second proviso does not affect the substantive right of appeal and distinguished the case from other judgments that dealt with conditions affecting the right of appeal. en-us Fri, 16 Sep 2005 00:00:00 +0530 Wed, 23 Feb 2011 14:04:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66305 The Tribunal dismissed the stay petition filed by the assessee, holding that the second proviso to section 254(2A) applies to all stay petitions considered after 1-6-2001, and the initial stay order stood vacated after 180 days. The Tribunal emphasized that the power to grant stay is subject to review and is not absolute. The Tribunal also held that the second proviso does not affect the substantive right of appeal and distinguished the case from other judgments that dealt with conditions affecting the right of appeal. Case-Laws Income Tax Fri, 16 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66305