Question raised by the revenue, 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. High Court dismissed the appeal as not a substantial question of law. (AY. 2010-11)
PCIT v. Jindal Steel & Power Ltd (2020) 114 taxmann.com 617 (P & H) (HC) Editorial : SLP of revenue is granted PCIT v. Jindal Steel & Power Ltd (2020) 269 Taxman 575 (SC)
S. 254(2A) : Appellate Tribunal-Stay-Stay order does not vacate after expiry of a period of 365 days if delay in disposal of appeal is not attributed to assessee-Order of Tribunal is affirmed [S.260A]