High-Pitched IT Assessment of ₹46.66 cr, HC Reduces Pre-Deposit Requirement to ₹1 Lakh/Month

Bali Nagwanshi Vs Union of India (Chhattisgarh High Court) In the case of Bali Nagwanshi vs. Union of India, the Chhattisgarh High Court addressed a petition filed under Article 226 of the Constitution of India, seeking relief against a high-pitched income tax assessment and the subsequent conditions for the stay of demand. The petitioner, Bali Nagwanshi, challenged an assessment order that determined his income at an astonishing ₹46.66 crore, a figure approximately 170 times higher than his declared income of ₹27.46 lakh. The case highlighted the conflict between administrative directives...