Education is one area that is yet to be tapped to its fullest potential in India. With a huge dependant population, it is the focus of the Government as well as the corporate. The industry today needs more skilful and trained professionals than never before. Corporates are pro-active in capacity building programmes and creation of pool of high quality human resources. L&S advises institutions /...
22 May, 2015
Does the Income Tax Appellate Tribunal (ITAT) have power to extend stay beyond 365 days? The Delhi High Court in Pepsi Foods Pvt. Ltd v. ACIT, WP(C )1334/2015 decided on 19-5-2015 held that when the delay in disposing of the appeal is not attributable to the assessee, the Tribunal has the power to grant extension of stay beyond 365 days.
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