https://www.taxtmi.com/caselaws?id=247270 The High Court held that the Tribunal's extension of the stay of demand beyond 365 days under Section 254(2A) of the Income Tax Act was not in accordance with the statutory provisions. The Court emphasized that the Tribunal had exceeded its authority by disregarding the relevant timeline and legal framework. Consequently, the Court set aside the Tribunal's orders and granted the assessee the opportunity to pursue legal remedies due to the Tribunal's delay in hearing the appeal within the prescribed time frame. The decision aimed to uphold statutory provisions and ensure authorities operate within legal boundaries. en-us Thu, 20 Mar 2014 00:00:00 +0530 Wed, 07 May 2014 09:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247270 The High Court held that the Tribunal's extension of the stay of demand beyond 365 days under Section 254(2A) of the Income Tax Act was not in accordance with the statutory provisions. The Court emphasized that the Tribunal had exceeded its authority by disregarding the relevant timeline and legal framework. Consequently, the Court set aside the Tribunal's orders and granted the assessee the opportunity to pursue legal remedies due to the Tribunal's delay in hearing the appeal within the prescribed time frame. The decision aimed to uphold statutory provisions and ensure authorities operate within legal boundaries. Case-Laws Income Tax Thu, 20 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247270