Karnataka HC Quashes high pitched tax demand for not considering genuine hardship

Baregundi Jagadhisha Yediyala Vs ITO (Karnataka High Court) In the case of Baregundi Jagadhisha Yediyala vs. Income Tax Officer (Karnataka High Court), the petitioner challenged the Principal Commissioner of Income Tax (PCIT)’s order rejecting a stay petition. The PCIT had ordered the petitioner to pay 20% of the tax demand while the appeal was pending before the Commissioner of Income Tax (Appeals). The petitioner argued that the PCIT had failed to properly consider whether the demand was “unreasonably high pitched” or if the petitioner faced “genuine hardship,”...