High Court Reduces Deposit to Rs.10 Lakh for Income Tax Appeal Hearing

Ramasamy Rajkumar Vs PCIT (Madras High Court) Introduction: The Madras High Court recently delivered a significant judgment in the case of Ramasamy Rajkumar vs. PCIT. The case revolved around a challenge to the order issued by the Principal Commercial of Income Tax-I, the Appellate Authority, requiring the petitioner to make a substantial deposit for pursuing an appeal. The petitioner contested the necessity of pre-depositing 20% of the tax amount, amounting to Rs. 47,89,456, stating that it was onerous, given the nature of their business. This article explores the key aspects of this judgmen...