SC Allows Time for Amicable Resolution as HC Refused to Modify Interest Rule on Delayed Counsel Bills

CIT Vs Standard Operating Procedure of The Income Tax Department (Supreme Court of India) The matter before the Supreme Court concerns proceedings arising from directions issued by the Delhi High Court regarding payment of professional bills to panel counsel of the Income Tax Department. At the Supreme Court stage, the Additional Solicitor General appearing for the petitioner sought four weeks’ time to explore the possibility of an amicable settlement with the private respondent. The respondent also indicated willingness to consider an amicable resolution. Accepting the request, the Supreme...