2020 (4) TMI 410 - SCH - Income Tax

Recovery proceedings - AO required the petitioner to deposit 20% of the disputed amount - projection of Tax on Returned Income - HELD THAT - Issue notice. Status quo, as of today, in respect of demand/recovery shall be maintained in the meantime.

Summary

The Supreme Court of India issued an order maintaining the status quo on demand/recovery in a case. The case was heard by Hon'ble Mr. Justice Rohinton Fali Nariman and Hon'ble Mr. Justice S. Ravindra Bhat. Petitioners were represented by Mr. Mukul Rohatgi, Mr. Arvind P. Datar, and others.