Pepsi Foods Ltd: Supreme Court Ruling on Stay of Demand beyond 365 days



The Supreme Court of India, on April 6 2021, pronounced an important ruling in Pepsi Foods Ltd (DCIT v. Pepsi Foods Ltd) relating to stay of demand. The Supreme Court declared a certain part of the thirdprovisoof section 254(2A) of the Income Tax Act, 1961 (IT Act) as being unconstitutional. This
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