TaxTMI 
TaxTMI 
query regarding stay period
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....uery regarding stay period<br> Query (Issue) Started By: - Amita Maheshwari Dated:- 11-6-2014 Last Reply Date:- 11-6-2014 Income Tax<br>Got 3 Replies<br>Income Tax<br>this is a very general query. if ....
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....a tribunal grants a stay on a person from non-payment of any interest etc. and a higher authority (eg. High Court) subsequently revokes the stay, then is there any liability to make any payment during....
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.... the stay period or is the party exempted from it? mention of one or two case laws would be helpful too. thanks. Reply By Pradeep Khatri: The Reply: Dear Amita, It is settled legal position that Ju....
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....dgments pronounced by the High Courts would be followed by the Lower Authorities including Tribunals. You would have two options either pay it or seek a stay from the Apex Court. Regards Team YAGAY....
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.... & SUN Reply By Amita Maheshwari: The Reply: Thank you for your reply. If you could clarify it for me further - if the court revokes the stay order does that mean that the party will have to pay th....
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....e amount for the stay period that was granted too? Reply By Pradeep Khatri: The Reply: Dear Amita, Interest would be payable from the date of pronouncement of judgment by the Hon'ble High Court....
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..... Regards, Team YAGAY & SUN<br> Discussion Forum - Knowledge Sharing ....