Madras HC Allows Appeal before CIT(TDS) with 10% Pre-Deposit instead of 20%

Salem Urban Co-operative Bank limited Vs ITO (Madras high court)

Introduction: The case of Salem Urban Co-operative Bank Limited versus the Income Tax Officer (ITO) before the Madras High Court revolves around the appellant’s plea for waiver of a 10% pre-deposit demand amid financial distress. This article provides a comprehensive analysis of the judgment and its implications.

Detailed Analysis: The appellant, Salem Urban Co-operative Bank Limited, contested the orders of assess

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