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Income Tax - Highlights / Catch Notes

Home Highlights October 2021 Year 2021 This

Stay of the order passed u/s 263 though there is no active ...

Case Laws     Income Tax

October 7, 2021

Stay of the order passed u/s 263 though there is no active demand of tax - Power of ITAT power to grant stay - Future demand - CIT issued directions to the AO - Whether the Revision order is qua a demand - whether the writ petitioner should have moved ITAT for stay? - As it involves a larger debate and in the light of the limited prayer that is sought for, I deem it appropriate to leave this question open - It is open to the writ petitioner to move ITAT for expeditious disposal of appeal before ITAT - Order stayed for 12 weeks - HC

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