Dismissing the petition the Court held that delay in disposal of appeal is not attributable to assessee. Tribunal can grant extension of stay of demand beyond 365 days in deserving cases. (AY. 2012-13)
PCIT v. Jindal Steel & Power Ltd. (2021) 133 taxmann.com 213 (P&H)(HC) Editorial : SLP of revenue is dismissed; PCIT v. Jindal Steel & Power Ltd. (2022) 284 Taxman 447 (SC)
S. 254(2A) : Appellate Tribunal-Stay-Delay in disposal of appeal is not attributable to assessee-Tribunal can grant extension of stay of demand beyond 365 days in deserving cases. [Art. 226]