https://www.taxtmi.com/caselaws?id=237346 The High Court addressed the extension of an interim stay order by the Tribunal beyond six months without reasons. The Court found that the Tribunal had extended the stay order indefinitely without justification, leading to the order being set aside. It was emphasized that the power to extend the stay should be exercised reasonably, balancing the interests of both the revenue and the assessee. The lack of reasons for the extension resulted in the matter being remanded for fresh consideration, highlighting the importance of complying with legal requirements when extending stay orders. en-us Wed, 17 Jul 2013 00:00:00 +0530 Thu, 27 Aug 2015 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237346 The High Court addressed the extension of an interim stay order by the Tribunal beyond six months without reasons. The Court found that the Tribunal had extended the stay order indefinitely without justification, leading to the order being set aside. It was emphasized that the power to extend the stay should be exercised reasonably, balancing the interests of both the revenue and the assessee. The lack of reasons for the extension resulted in the matter being remanded for fresh consideration, highlighting the importance of complying with legal requirements when extending stay orders. Case-Laws Central Excise Wed, 17 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237346