Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2019 (9) TMI 1719

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Amit Chaudhary, counsel ORDER Heard on I.A. No. 1, which is an application for grant of interim relief. It is contended that the assessment order dated 09.02.2019 (Annexure P-3) was passed on the basis of the past six years assessment and as against the amount of Rs. 1,12,31,353/- the assessment was calculated to 87,36,07,803/-, which is 78 times higher. It is further contended that according t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... India Private Limited Vs. The Assistant Commissioner of Income Tax, Circle (3) (1) (1) {Writ Petition Nos. 1339-1342/2017 (T-IT), decided on 23.02.2017} has considered the ratio about the unreasonably high pitched assessment. It is further contended that the circular of the department itself though prescribes that the appeal of the like nature to be decided within a period of six months, but in th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e the deposit of 20%. Further it is contended that on 31.07.2017 it was decided that the circular speaks that the reference to disputed demand was modified to the extent of 20% in respect of recovery of tax. It is further submitted that the petitioner in this case without payment of single amount wanted the appeal to be decided within a short period of time, which cannot be allowed. The perusal o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates