Stay on collection/recovery of the tax and interest demands - ...

Income Tax

June 20, 2022

Stay on collection/recovery of the tax and interest demands - There is no material change in facts and circumstances of the case as before Their Lordships as before us now. The two companies investing in the assessee before us are Mauritian companies and seem to be special purpose vehicles, and, at the stage of the hearing of stay petition and based on the material before us, it is not possible for us to, even prima facie, take a call on their bonafides and genuineness. - AT

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Stay on collection/recovery of the tax and interest demands - ...

Income Tax

June 20, 2022

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