{"id":58301,"date":"2026-01-10T10:32:31","date_gmt":"2026-01-10T05:02:31","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-fulford-india-ltd-2024-164-taxmann-com-164-bom-hc\/"},"modified":"2026-01-10T10:32:31","modified_gmt":"2026-01-10T05:02:31","slug":"pcit-v-fulford-india-ltd-2024-164-taxmann-com-164-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-fulford-india-ltd-2024-164-taxmann-com-164-bom-hc\/","title":{"rendered":"PCIT v. Fulford (India) Ltd. [2024] 164 taxmann.com 164 (Bom.)(HC)"},"content":{"rendered":"<p>The High Court upheld the Tribunal&#8217;s order extending a stay on tax demand beyond 365 days. The Court noted the Tribunal&#8217;s finding that the delay in disposing of the appeal was not attributable to the assessee. The High Court held that the issue was definitively settled by the <em>Supreme Court in Dy. CIT v. Pepsi Foods Ltd<\/em>. [2021] 126 taxmann.com 69 (SC). That judgment struck down the part of the third proviso to Section 254(2A) which mandated the automatic vacation of a stay after 365 days, even if the assessee was not responsible for the delay. Accordingly, the Tribunal\u2019s decision to grant the extension was correct in law, and the Revenue&#8217;s appeal was dismissed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 254(2A): Appellate Tribunal-Stay-Extension beyond 365 days-Automatic vacation of stay under third proviso is inoperative where delay in disposal of appeal is not attributable to assessee. [S.260A]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-58301","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fal","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=58301"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58301\/revisions"}],"predecessor-version":[{"id":58302,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58301\/revisions\/58302"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=58301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=58301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}