Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (9) TMI 69 - HC - Income TaxAn order passed by the Additional Commissioner of Income-tax, Range 6, New Delhi, directing the petitioner to deposit the additional rectified demand of Rs. 138.02 crores in respect of the assessment year 2000-2001, within the specified time, is under challenge in this writ petition. - In the immediately preceding assessment year on an almost similar set of facts, the petitioner was directed to deposit only a sum of Rs. 140 crores against a demand of approximately Rs. 405 crores, the impugned direction by the Assessing Officer to the petitioner to pay the whole of the amount in dispute as a pre-condition for stay of recovery of the demand, at a stage when the first appeal is pending, cannot be said to be reasonable - Additional Commissioner of Income-tax was not justified in directing the petitioner to deposit the additional rectified demand
|