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Karnataka HC Quashes Cryptic Stay Rejection – Protects Assessee from Coercive Tax Recovery

Case Law Details

Case Name
N.T. Rahamathulla Khan Associates Vs PCIT (Karnataka High Court)
Date of Judgement/Order
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Advertisement N.T. Rahamathulla Khan Associates Vs PCIT (Karnataka High Court) Stay to operate pending CIT(A) appeal – HC sets aside cryptic stay rejection by PCIT- Karnataka HC follows earlier precedent to protect assessee from coercive recovery The petitioner-firm challenged the stay order dated 15.03.2019 issued by the PCIT, seeking protection against recovery of ₹15.67 crores pending appeal before CIT(A). It was urged that the stay order was mechanical & without reasons, ignoring the prima-facie merits under Ss 11 & 12 and the financial hardship demonstrated. The Court ...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,927

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