https://www.taxtmi.com/caselaws?id=397290 The Tribunal extended the stay of demand for the assessee, allowing the existing demand of Rs. 5,42,43,832 for A.Y. 2013-14 to be kept in abeyance until 31/08/2020. The Tribunal considered the impact of the COVID-19 pandemic and associated lockdowns on legal proceedings and timelines, aligning with the Hon'ble Bombay High Court's interim orders extending the limitation period. This decision reflects a balance between upholding legal requirements and recognizing the challenges faced by parties during extraordinary situations, ensuring fairness and practicality in the circumstances. en-us Fri, 24 Jul 2020 00:00:00 +0530 Tue, 11 Aug 2020 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397290 The Tribunal extended the stay of demand for the assessee, allowing the existing demand of Rs. 5,42,43,832 for A.Y. 2013-14 to be kept in abeyance until 31/08/2020. The Tribunal considered the impact of the COVID-19 pandemic and associated lockdowns on legal proceedings and timelines, aligning with the Hon'ble Bombay High Court's interim orders extending the limitation period. This decision reflects a balance between upholding legal requirements and recognizing the challenges faced by parties during extraordinary situations, ensuring fairness and practicality in the circumstances. Case-Laws Income Tax Fri, 24 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397290