https://www.taxtmi.com/caselaws?id=293590 The Appellate Tribunal ITAT Bangalore granted an extension of stay for 180 days from the expiry of the earlier stay order or until the disposal of the appeal, whichever is earlier, for an outstanding demand amounting to Rs. 34,587,830. The Tribunal emphasized that the assessee should not seek adjournment without valid reasons, with a warning that adjournment without valid reasons would automatically vacate the stay. The decision aimed to balance fairness to both the assessee and the revenue department by considering the circumstances and imposing conditions to prevent misuse of the stay facility during the appeal process. en-us Fri, 24 Jun 2016 00:00:00 +0530 Sat, 20 Feb 2021 09:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293590 The Appellate Tribunal ITAT Bangalore granted an extension of stay for 180 days from the expiry of the earlier stay order or until the disposal of the appeal, whichever is earlier, for an outstanding demand amounting to Rs. 34,587,830. The Tribunal emphasized that the assessee should not seek adjournment without valid reasons, with a warning that adjournment without valid reasons would automatically vacate the stay. The decision aimed to balance fairness to both the assessee and the revenue department by considering the circumstances and imposing conditions to prevent misuse of the stay facility during the appeal process. Case-Laws Income Tax Fri, 24 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293590