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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Stay of recovery - appeal pending before CIT(A) - circular lays ...

Income Tax

July 2, 2019

Stay of recovery - appeal pending before CIT(A) - circular lays down 15%/20% of the disputed demand to be deposited for stay, by way of a general condition and does not prohibit or envisage that there can be no deviation from this standard formula - it is inbuilt in the circular itself to either decrease or even increase the percentage of the deposit of disputed tax demand - stay granted at 10% payment

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