https://www.taxtmi.com/caselaws?id=270203 The High Court upheld the Tribunal's authority to extend the stay of demand in income tax appeals beyond the 365-day limit set by Section 254(2A) of the Income Tax Act, 1961. Despite the introduction of a substituted third proviso post previous decisions, the Court emphasized the Tribunal's power to grant interim relief for effective adjudication, aligning with Supreme Court precedents. The Court highlighted the necessity of coextensive powers for interim and final relief, dismissing petitions challenging the Tribunal's extension of stay. The judgment reaffirmed settled legal principles and precedents in allowing the Tribunal to grant interim relief in income tax appeals. en-us Wed, 16 Dec 2015 00:00:00 +0530 Wed, 30 Dec 2015 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270203 The High Court upheld the Tribunal's authority to extend the stay of demand in income tax appeals beyond the 365-day limit set by Section 254(2A) of the Income Tax Act, 1961. Despite the introduction of a substituted third proviso post previous decisions, the Court emphasized the Tribunal's power to grant interim relief for effective adjudication, aligning with Supreme Court precedents. The Court highlighted the necessity of coextensive powers for interim and final relief, dismissing petitions challenging the Tribunal's extension of stay. The judgment reaffirmed settled legal principles and precedents in allowing the Tribunal to grant interim relief in income tax appeals. Case-Laws Income Tax Wed, 16 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270203