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Stay on Income Tax Recovery can be granted if 20% Tax Already been paid: Kerala HC
Case Law Details
- Case Name
- IBS Software Private Limited Vs Union of India (Kerala High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Kerala High Court
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IBS Software Private Limited Vs Union of India (Kerala High Court)
The recent judgment by the Kerala High Court in the case of IBS Software Private Limited Vs Union of India addresses the controversy surrounding the applicability of a CBDT Circular concerning the deposition of assessed tax. The dispute arises from a notice issued by the Income Tax Department, directing the petitioner to deposit a substantial amount.
The petitioner, IBS Software Private Limited, filed an appeal before the Income Tax Appellate Tribunal (ITAT) against the assessment order. The contention primarily revolves around...
Author Info
The Income Tax should be amended in such a way that automatic stay should be granted for the demands against which appeals have been filed.