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2018 (2) TMI 1465 - HC - Income TaxAdjustment of refund against next assessment year - Held that:- According to the counsel for the petitioner thus, after the adjustment for the refund of the earlier year, the deposit towards disputed tax liability for the current year would exceed 20%. Counsel for the Revenue do not dispute this factual assertion of the petitioner. In view of these developments, no further relief would be needed to enable the petitioner to enjoy the stay pending appeal for the current assessment year since the insistence of the Principal Commissioner vide his impugned communication dated 19.07.2017 in any case, stands fulfilled.
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