SC: Admits Revenue's SLP challenging ITAT's power to grant stay beyond 365 days
SC admits Revenue’s SLP against Punjab and Haryana HC ruling for AY 2009-10 wherein HC had upheld ITAT’s powers to grant stay beyond 365 days; HC had noted that the third proviso to Sec. 254(2A) restricts extension of stay beyond 365 days; HC had observed that the stay was initially granted by ITAT for a period of 365 days which was further extended for a period of six months or until the disposal of appeal by placing reliance on Delhi HC rulin...
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