Filing stay application before the lower authorities is directory and mandatory for filing stay application before ITAT

Filing stay application before the lower authorities is directory and not mandatory for filing stay application before the ITAT

In brief :- In the case of DHL Express (India) P Ltd. v. ACIT [SA No. 119/Mum/2010], dated 19 November, 2010, the Mumbai Income Tax Appellate Tribunal (“Tribunal”) has held that stay application arising out of the assessment order passed by the Assessing Officer (“AO”) in pursuance to the direction of the Dispute Resolution Panel (“DRP&#

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