Amendment of third proviso to S.254(2A) by the Supreme Court’s order- Delay in disposing of appeal is not attributable to assessee, then stay will not automatically lapse. The Supreme Court amends S. 254 to remove arbitrariness

Amendment of third proviso to S.254(2A) by the Supreme Court’s order- Delay in disposing of appeal is not attributable to assessee, then stay will not automatically lapse. The Supreme Court amends S. 254 to remove arbitrariness https://www.taxtmi.com/article/detailed?id=9879 The Supreme Court removed the words "even" and "not" from the third proviso to Section 254(2A), so that a stay granted before the Appellate Tribunal will stand vacated after the expiry of the statutory or extended period only if the delay in disposing of the appeal is attributable to the assessee; the amendment was grounded in equality before the law under Article 14 and targets the arbitrariness and discrimination of the 2008 formulation, applying to pending cases where delays were not the assessee's fault. en-us Thu, 01 Jul 2021 08:02:40 +0530 Thu, 01 Jul 2021 08:02:40 +0530 TaxTMI RSS Generator Amendment of third proviso to S.254(2A) by the Supreme Court’s order- Delay in disposing of appeal is not attributable to assessee, then stay will not automatically lapse. The Supreme Court amends S. 254 to remove arbitrariness https://www.taxtmi.com/article/detailed?id=9879 The Supreme Court removed the words "even" and "not" from the third proviso to Section 254(2A), so that a stay granted before the Appellate Tribunal will stand vacated after the expiry of the statutory or extended period only if the delay in disposing of the appeal is attributable to the assessee; the amendment was grounded in equality before the law under Article 14 and targets the arbitrariness and discrimination of the 2008 formulation, applying to pending cases where delays were not the assessee's fault. Articles Other Topics Thu, 01 Jul 2021 08:02:40 +0530 https://www.taxtmi.com/article/detailed?id=9879