HC laid down Guidelines for effecting Income Tax Recovery

UTI Mutual Fund vs. ITO (Bombay High Court)

High Court held that that the following guidelines should be borne in mind for effecting recovery:

1. No recovery of tax should be made pending

(a) Expiry of the time limit for filing an appeal;

(b) Disposal of a stay application, if any, moved by the assessee and for a reasonable period thereafter to enable the assessee to

Please become a Premium member. If you are already a Premium member, login here to access the full content.