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The power of the Tribunal to stay demand was first recognized by the legislature by insertion of Section 253 (7) which provided for levy of fees on application for stay of demand. Prior to this insertion, the power of the Appellate Tribunal to grant stay was held to be incidental or ancillary to its appellate jurisdiction. Stay was granted in most deserving and appropriate cases where the tribunal was satisfied that the entire purpose of the appeal will be frustrated or rendered nugatory by allThe power of the Tribunal to stay demand was first recognized by the legislature by insertion of Section 253 (7) which provided for levy of fees on application for stay of demand. Prior to this insertion, the power of the Appellate Tribunal to grant stay was held to be incidental or ancillary to its appellate jurisdiction. Stay was granted in most deserving and appropriate cases where the tribunal was satisfied that the entire purpose of the appeal will be frustrated or rendered nugatory by alltaxmann.com Latest ArticlesRead More