2012 (6) TMI 924

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....Nishant Thakkar. For the Respondent : Shri M. Murali. ORDER PER R.S. SYAL, AM : By means of the present stay application the assessee seeks to get the extension of demand already stayed by the tribunal amounting to Rs.246,03,12,481 inclusive of interest u/s 234B, 234C and 234D for the assessment year 2006-2007 till the final disposal of the appeal. 2. The original order against the ....

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....ble to the assessee, the tribunal has power to extend the stay beyond a period of 365 days even after the amendment of the third proviso to section 254(2A) w.e.f 1st October, 2008. Taking into consideration the entire factual position in this regard as discussed above and the further fact that the assessee had already complied with the terms and conditions of the first stay and that the assessee h....