Dismissing the appeal of the revenue the Court held that where delay in disposal of appeal is not attributable to assessee in any manner, Tribunal can grant extension of stay of demand beyond 365 days in deserving cases . Followed CIT v Carrier Air Conditioning & Refrigeration Ltd ( 2016) 387 ITR 441 ( P&H ) (HC) (AY 2012-13)
PCIT v. Honda Motorcycle and Scooter India(P) Ltd. (2021) 121 taxmann.com 93 ( P& H ) ( HC) Editorial : SLP of revenue dismissed , PCIT v. Honda Motorcycle and Scooter India(P) Ltd. (2021) 281 Taxman 361 (SC)
S. 254(2A): Appellate Tribunal –Stay- Delay in disposal of appeal is not attributable to assessee in any manner- Tribunal can grant extension of stay of demand beyond 365 days in deserving cases- No substantial question of law . [ S.260A]