Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
HC held that the assessee failed to deposit 20% of the disputed demand (Rs. 69,05,933/-) as a pre-condition for staying the demand for AY 2016-17. The outstanding demand was consequently recovered from the refund due for AY 2014-15 through an appeal effect order. The court rejected the assessee's contention that the refund adjustment was contrary to the office memorandum, thereby upholding the tax authority's action of recovering the disputed amount through available refund mechanisms.
HC held that the assessee failed to deposit 20% of the disputed demand (Rs. 69,05,933/-) as a pre-condition for staying the demand for AY 2016-17. The outstanding demand was consequently recovered from the refund due for AY 2014-15 through an appeal effect order. The court rejected the assessee's contention that the refund adjustment was contrary to the office memorandum, thereby upholding the tax authority's action of recovering the disputed amount through available refund mechanisms.
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