Thursday, March 12, 2020

Stay can't vacated after 365 days though delay in disposal of appeal wasn't attributable to assessee; SLP granted

INCOME TAX : Where revenue sought to raise a question as to whether order of Tribunal was to be treated as void-ab-initio in light of Third Proviso to section 254(2A) which provides that stay of demand stands vacated after expiry of a period of 365 days, even if delay in disposal of appeal is not attributable to assessee, however, High Court opined that such a question was not a substantial question of law, SLP filed against said order was to be granted

from www.taxmann.com Latest Case Laws https://ift.tt/3cTqFsU

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