Cap on recovery of tax limits liability arising from assessment orders to a statutory maximum amount. The amendment imposes a monetary cap on recoveries under the recovery provision in section 112 by inserting a qualifying phrase into sub section (8), clause (b) to make recoveries 'arising from the said order' 'subject to a maximum of fifty crore rupees,' thereby introducing an express statutory ceiling on amounts recoverable under that clause.
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Provisions expressly mentioned in the judgment/order text.
Cap on recovery of tax limits liability arising from assessment orders to a statutory maximum amount.
The amendment imposes a monetary cap on recoveries under the recovery provision in section 112 by inserting a qualifying phrase into sub section (8), clause (b) to make recoveries "arising from the said order" "subject to a maximum of fifty crore rupees," thereby introducing an express statutory ceiling on amounts recoverable under that clause.
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