ITAT Cannot Deny Stay Jurisdiction Due to Absence of Demand: J&K High Court

J&K Yateem Foundation Vs ITAT (Jammu & Kashmir High Court) The Jammu & Kashmir High Court considered a writ petition challenging an order of the Income-tax Appellate Tribunal (ITAT), Amritsar Bench, which had dismissed a stay application on the ground that no tax demand was outstanding and, therefore, the Tribunal lacked jurisdiction to stay the operation of the order under appeal. The petitioner, a society registered under the Societies Registration Act, had been granted registration under Section 12A of the Income-tax Act, 1961, which was subsequently cancelled by the Commissione...