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of <h1>Supreme Court upholds demand/recovery status quo in case</h1> <h3>M/s. Indus Towers Ltd. Versus Assistant Commissioner Of Income Tax Circle 12 (1) & Anr.</h3> The Supreme Court of India maintained the status quo on demand/recovery in the case. The case was heard by Hon'ble Mr. Justice Rohinton Fali Nariman and ... 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. 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.
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