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ITO Must Consider Facts for Pre-Deposit Reduction; 20% Rule Not Absolute: Madras HC
Case Law Details
- Case Name
- VME Infrastructure Private Limited Vs ITO (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
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VME Infrastructure Private Limited Vs ITO (Madras High Court)
Madras High Court has set aside an order by the Income Tax Officer (ITO) that mandated a 20% pre-deposit of tax for a taxpayer seeking interim relief pending an appeal. The court, in the case of VME Infrastructure Private Limited Vs. ITO, reiterated that assessing officers have the discretion to allow a lower deposit amount based on individual case facts, despite administrative circulars.
The petitioner, VME Infrastructure Private Limited, had filed an appeal against an assessment order before the Commissioner of In...
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