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of <h1>Finance Bill 2020: ITAT Stay Orders Amended, Requires 20% Deposit for Dispute; Max 365-Day Extension Possible.</h1> The Finance Bill, 2020 proposes amendments to section 254 of the Income Tax Act concerning stay orders by the Income Tax Appellate Tribunal (ITAT). The ITAT can grant a stay for up to 180 days against a Commissioner of Income-tax (Appeal) order, extendable to a maximum of 365 days if delays are not due to the assessee. The amendment requires the assessee to deposit or secure at least 20% of the disputed amount for a stay. No further extensions are allowed beyond 365 days unless the delay is not attributable to the assessee. These changes are effective from April 1, 2020.
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