https://www.taxtmi.com/caselaws?id=294590 The Tribunal granted the stay application for extension of stay against the recovery of the balance outstanding demand related to Assessment Year 2012-13. The Tribunal found merit in the applicant's argument regarding transfer pricing adjustments and allowed the stay for 180 days or until the appeal's disposal, whichever is earlier. The Tribunal held that the amended provisions of section 254(2A) could not be applied to the case of an extension of stay. The order was pronounced on May 27, 2020, with instructions for an expedited appeal hearing and no unnecessary adjournments. en-us Wed, 27 May 2020 00:00:00 +0530 Thu, 22 Apr 2021 08:47:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294590 The Tribunal granted the stay application for extension of stay against the recovery of the balance outstanding demand related to Assessment Year 2012-13. The Tribunal found merit in the applicant's argument regarding transfer pricing adjustments and allowed the stay for 180 days or until the appeal's disposal, whichever is earlier. The Tribunal held that the amended provisions of section 254(2A) could not be applied to the case of an extension of stay. The order was pronounced on May 27, 2020, with instructions for an expedited appeal hearing and no unnecessary adjournments. Case-Laws Income Tax Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294590