https://www.taxtmi.com/caselaws?id=417936 The High Court held that the Income Tax Appellate Tribunal (ITAT) can lawfully extend a stay beyond 365 days, contrary to Section 254(2A) of the Income Tax Act. Citing a Supreme Court ruling, the High Court deemed the automatic vacation of stay after 365 days as arbitrary and discriminatory, violating the Constitution. The High Court emphasized that extensions are permissible if delays are not the assessee's fault. Consequently, the High Court ruled in favor of the assessee, dismissing the tax case appeal against the Revenue due to delays not attributable to the assessee. en-us Fri, 21 Jan 2022 00:00:00 +0530 Fri, 29 Apr 2022 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417936 The High Court held that the Income Tax Appellate Tribunal (ITAT) can lawfully extend a stay beyond 365 days, contrary to Section 254(2A) of the Income Tax Act. Citing a Supreme Court ruling, the High Court deemed the automatic vacation of stay after 365 days as arbitrary and discriminatory, violating the Constitution. The High Court emphasized that extensions are permissible if delays are not the assessee's fault. Consequently, the High Court ruled in favor of the assessee, dismissing the tax case appeal against the Revenue due to delays not attributable to the assessee. Case-Laws Income Tax Fri, 21 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417936