Case Law Details
Case Name : Arni Agri Producers Coop Marketing Society Limited Vs PCIT (Madras High Court)
Related Assessment Year : 2018-19
Courts :
All ITAT Madras High Court
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Arni Agri Producers Coop Marketing Society Limited Vs PCIT (Madras High Court)
The case of Arni Agri Producers Coop Marketing Society Limited Vs PCIT before the Madras High Court revolves around the imposition of a 20% remittance requirement for a stay application concerning a disputed tax demand. The judgment challenges the validity of this requirement as per CBDT’s Office Memo (Instr No.1914).
The petitioner, Arni Agri Producers Coop Marketing Society Limited, contested an assessment order dated 01.03.2023 for the assessment year 2018-19. Subsequently, they filed a statutory appeal and sou...
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Author Bio
In the normal course the assessee has to pay 20% to get stay and stay is granted up to a certain date only. It should be given till the disposal of the appeal.