Tribunal granting stay,
finally extending the stay vide order dated 04.12.2018. He only
requested for vacation of stay in view of the 3rd proviso ... other civil or criminal cases, where stay of proceedings in a pending
trial is operating, stay will automatically lapse after six months from
today unless
Arbitration and Conciliation Act, 1996 wherein further appeal would put an
automatic stay on the execution of the award. Since the awards were
further appealed
Tribunal granting stay,
finally extending the stay vide order dated
04.12.2018. He only requested for vacation of
stay in view of the 3rd proviso ... other civil or
criminal cases, where stay of proceedings
in a pending trial is operating, stay will
automatically lapse after six months from
today unless
that if the assessee seeks
adjournment except for exceptional circumstances the stay will automatically
cancelled. Learned Counsel of the assessee submitted that the appeals could ... condition that if assessee seeks
adjournment, except in exceptional circumstances the stay will automatically
stands withdrawn
that if the assessee seeks adjournment except for
exceptional circumstances the stay will automatically cancelled. The learned
AR for the assessee submitted that the appeals ... condition that if assessee seeks adjournment,
except in exceptional circumstances the stay will automatically stands
withdrawn.
4. In the result, the stay applications
stay application in S A No
153/M/2017 for AY 2012-13. By way of this stay application,
the assessee requested for stay ... sufficient reasons stay granted
by this order shall stand vacated automatically.
6. The Stay Application is allowed as indicated above
Order pronounced in the open
other civil or
criminal cases, where stay of proceedings in a pending trial is operating,
stay will automatically lapse after six months from today unless ... supra), Revenue Authorities now held a belief that any stay
against the recovery granted would automatically lapse after six
months. This is neither the purport
impugned assessment year
deserves to be stayed. Therefore, the recovery of outstanding demand is
stayed for a period of 180 days from the date ... breach of any of the conditions mentioned above, the stay
granted shall automatically get vacated and the assessee shall also lose
the benefit of early
suffer loss in prejudice, if the demand of
outstanding balance is not stayed. The addition was made on disallowance of
partner's remuneration ... case, adjournment is sought without any valid
reason, the stay shall vacate automatically. With these directions, the stay
application of assessee is disposed
from out of the amounts collected from
the bank accounts. We grant stay of the balance tax demand for the impugned
assessment year ... that the Assessee shall
not seek adjournment without reasonable cause. The stay shall automatically
gets vacated if adjournment is sought without reasonable cause
