Stay of 80% of demand granted as 20% of disputed tax, interest and penalty already recovered

Thasirkhan Abdul Hameed Vs DCIT (Madras High court) Madras High Court granted the stay in respect of 80% of the demand, as 20% of the disputed tax, interest and penalty already recovered by the department from the bank account of the petitioner. Facts- The petitioner would submit that being an NRI, he was always shuttling between Malaysia and India. In this process, by oversight, when the returns were filed for the assessment years 2014-2015, 2015-2016, 2016-2017 and 2017-2018, the NRE receipts and NRE interest were omitted to be included. These amounts though excluded from the taxable income ...