https://www.taxtmi.com/caselaws?id=312372 The HC of Bombay dismissed the Revenue's petitions challenging the Tribunal's orders that extended the stay on recovery of disputed demand beyond 365 days under Section 254(2A) of the Income Tax Act, 1961. The Court ruled that the Tribunal retained jurisdiction to extend such stays, citing established legal precedents. The challenge was deemed academic due to the expiration of the impugned orders, affirming the Tribunal's authority to extend stays beyond the statutory period. en-us Wed, 23 Mar 2016 00:00:00 +0530 Tue, 13 Feb 2024 19:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312372 The HC of Bombay dismissed the Revenue's petitions challenging the Tribunal's orders that extended the stay on recovery of disputed demand beyond 365 days under Section 254(2A) of the Income Tax Act, 1961. The Court ruled that the Tribunal retained jurisdiction to extend such stays, citing established legal precedents. The challenge was deemed academic due to the expiration of the impugned orders, affirming the Tribunal's authority to extend stays beyond the statutory period. Case-Laws Income Tax Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312372