2015 (7) TMI 1160

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..... the interim order granted by the Tribunal will not continue beyond 365 days from the date it has been passed and has further clarified that after expiry of 365 days the assessee would be at liberty to make a fresh application for extension of the interim order - in view of the provisions of Section 35C(2A) of the Act the interim order passed by the Tribunal will have a limited life. Upon the expir .....

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..... i B.K. Singh Raghuvanshi states that the Tribunal has committed a manifest error in granting an unconditional stay without considering the provisions of Section 35C(2A) of the Act. 4. Learned counsel for the assessee states that from perusal of the statute it is clear that any interim order passed by the Tribunal has a limited shelf life of 365 days and even though the impugned order does not s .....

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..... 5 days from the date it has been passed and has further clarified that after expiry of 365 days the assessee would be at liberty to make a fresh application for extension of the interim order. 7. In the light of the aforesaid decision coupled with the prayer made by learned counsel for the appellant that the Tribunal may be directed to decide the appeal at an early date, we accordingly, dispose .....

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