Calcutta HC Restricts Income Tax Recovery Beyond 20% as Appeal Before CIT(A) Was Pending

Gaurav Enterprises Vs Union of India And Ors (Calcutta High Court) The Calcutta High Court considered a writ petition challenging the Income Tax Department’s recovery and adjustment of amounts exceeding 20% of the disputed tax demand from refunds due to the petitioner for Assessment Years (AYs) 2020-21 to 2023-24, in relation to a disputed demand for AY 2018-19. The petitioner had received a notice of demand under Section 156 pursuant to an assessment order passed under Sections 143(3) read with 144B of the Income Tax Act, 1961, raising a demand of Rs. 9,19,33,664. The petitioner filed a...