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When fresh assessment is barred no further demand for recovery is possible
Case Law Details
- Case Name
- United Spirits Limited Vs ACIT (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Karnataka High Court
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United Spirits Limited Vs ACIT (Karnataka High Court)
Karnataka High Court held that even if the tax paid is found to be less than that payable, no further demand can be made for recovery of the balance amount when a fresh assessment is barred.
Facts- The petitioner is a public limited company, and the petitioner has filed its return of income. AO, after a scrutiny assessment u/s. 143(3) has passed assessment after making various disallowances. CIT(A) partly allowed the appeal.
Meanwhile Rectification Orders u/s. 154 of the IT Act are passed rectifying certain errors in the assessment order pe...
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