https://www.taxtmi.com/caselaws?id=245931 The High Court directed a Government company to deposit 50% of a Rs. 60.80 Crores tax demand pending appeal before the CIT [A], despite the company's disagreement with the Assessing Officer's additions. The Court emphasized the Assessing Officer's discretion in imposing conditions and noted the ongoing disputes over similar issues in earlier years. The judgment highlighted the need for independent assessment of relief justification and allowed for further relief if the Tribunal ruled in favor of the company in pending tax appeals concerning previous years. en-us Tue, 25 Mar 2014 00:00:00 +0530 Sat, 12 Apr 2014 12:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245931 The High Court directed a Government company to deposit 50% of a Rs. 60.80 Crores tax demand pending appeal before the CIT [A], despite the company's disagreement with the Assessing Officer's additions. The Court emphasized the Assessing Officer's discretion in imposing conditions and noted the ongoing disputes over similar issues in earlier years. The judgment highlighted the need for independent assessment of relief justification and allowed for further relief if the Tribunal ruled in favor of the company in pending tax appeals concerning previous years. Case-Laws Income Tax Tue, 25 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245931