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Calcutta HC Orders Refund as Section 245 Adjustment Exceeded 20% of Disputed Demand
Case Law Details
- Case Name
- P. S. Srijan Height Developers Vs ACIT (Calcutta High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All High Courts, Calcutta High Court
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P. S. Srijan Height Developers Vs ACIT (Calcutta High Court)
The Calcutta High Court considered a writ petition challenging recovery of disputed tax demand for assessment year 2018-19 through adjustment of refunds under Section 245 of the Income Tax Act, 1961. The petitioner sought refund of Rs.1,16,96,443 adjusted in excess of 20% of the disputed demand along with interest.
The petitioner, a partnership firm, had filed its return for AY 2018-19 declaring income of Rs.1,16,24,230. After scrutiny assessment under Sections 143(3) and 144B, total income was assessed at Rs.6,60,76...
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