Recovery Beyond 20% of Disputed Income Tax Demand Unlawful: Calcutta HC

Gaurav Enterprises Vs Union of India And Ors (Calcutta High Court) The Calcutta High Court addressed a writ petition filed by Gaurav Enterprises challenging the Income Tax authorities’ recovery of amounts exceeding 20% of a disputed tax demand from refunds pertaining to other assessment years. The dispute arose from an assessment order dated April 17, 2021 under Section 143(3) read with Section 144B of the Income Tax Act, 1961 for the assessment year 2018-19, resulting in a demand of ₹9,19,33,664. The petitioner filed an appeal against the assessment order on August 3, 2021 before the Comm...