Recovery amount Exceeding 20% of Demand during IT Appeal pendency Impermissible: Karnataka HC

Mediakind India Private Limited Vs Deputy Director of Income-tax (Karnataka High Court) Karnataka High Court held that recovering amount in excess of 20% of total demand during pendency of appellate proceeding is impermissible in law. Accordingly, department directed to refund entire amount in excess of 20% with interest. Facts- The proceedings have been initiated by the respondents against the petitioner, by issuance of show-cause notice dated 18.09.2023 u/s. 143B of the Income-tax Act, 1961. Respondent No.3 passed an assessment order dated 31.10.2023 resulting in total demand of Rs.10,36,84,...