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Learn MoreHeld:
With the omission of the 1st, 2nd and 3rd proviso in section 35C(2A) vide section 103 of the Finance (2) Act,2014, there is no provision for making any further applications for extension of stay nor has the Tribunal have powers for hearing and disposing the applications from 07-08-2014. However, the initial stay order in force after 07-08-2014 does not lapse.