Madras HC Dismisses Saravana Group’s Petition Against Income Tax Demand

Saravana Selvarathnam Retail Private Limited Vs ACIT ( Madras High Court) The recent ruling by the Madras High Court in the case of Saravana Selvarathnam Retail Private Limited Vs ACIT saw the dismissal of the petitioner’s challenge to two tax demand notices. The notices indicated demands pending for multiple assessment years, raising key legal and financial implications. In this case, the High Court was meticulous in its evaluation of the status of proceedings relating to each demand. While some demands had pending appeals, rectification petitions, or stay applications, others were conc...