Ive finally witnessed it 100% (on snes at least)
The theory:
If the ref makes any call right when theres a lag spike, the call is negated and play continues.
I was just playing fenty and he brought the goalie out to the blue line and dumped the puck, the ref blew the whistle for a faceoff but there was a lag spike and play continued with the goalie wayyy out.
It also happened the other day where I got a penalty shot against xot with 2 seconds left in the game...but there was a quick spike and the clock ran out with no penalty shot.
I HATE LAG.