Madras HC Dismisses Revenue Appeal against Stay order as stay order already expired

CIT Vs Durr India Pvt. Ltd. (Madras High Court) In the case of CIT Vs Durr India Pvt. Ltd., the Madras High Court reviewed an appeal by the Revenue contesting the Income Tax Appellate Tribunal’s (ITAT) order that had granted a stay beyond the statutory limit of 365 days under Section 254(2A) of the Income Tax Act. The Revenue argued that the ITAT’s extension of the stay to 718 days was inappropriate, especially as the delay was attributed to the assessee. However, the ITAT had previously determined that the assessee complied with conditions of prior stay orders and had made payment...