https://www.taxtmi.com/caselaws?id=215062 The court held that the Tribunal's extension of stay beyond 365 days was unlawful under Section 254(2A) of the Income Tax Act. It emphasized that stay orders must not exceed 365 days, regardless of the reason for delay. The court rejected arguments allowing extensions, citing legislative intent. Precedents were reviewed, with the court differing from prior decisions. The Tribunal's error led to the appeals being allowed in favor of the appellant-Revenue. The main decision's validity was unaffected, subject to other remedies, with no costs ordered. en-us Thu, 05 Jul 2012 00:00:00 +0530 Sat, 13 Sep 2014 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215062 The court held that the Tribunal's extension of stay beyond 365 days was unlawful under Section 254(2A) of the Income Tax Act. It emphasized that stay orders must not exceed 365 days, regardless of the reason for delay. The court rejected arguments allowing extensions, citing legislative intent. Precedents were reviewed, with the court differing from prior decisions. The Tribunal's error led to the appeals being allowed in favor of the appellant-Revenue. The main decision's validity was unaffected, subject to other remedies, with no costs ordered. Case-Laws Income Tax Thu, 05 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215062