If circumstance warrants, Stay order by ITAT was allowed to continue beyond 365 days

In the present case, the petitioner filed the appeal before the ITAT being aggrieved by the order passed by the Dispute Resolution Panel. The Tribunal at the initial stage granted stay of demand on 21.03.2014 with the precondition of depositing a part of demand. The petitioner deposited Rs.70 Lacs and recovery of balance demand was stayed. Subsequently interim order passed on 21.03.2014 was extended by the Tribunal vide order dated 26.09.2014. Period of 365 days as mentioned in third proviso to section 254(2A) was going to expire on 20.03.2015. By virtue of Decision in CIT vs. Maruti Suzuki (I...