Tax Department Halts Further Recovery; 38% Already Recovered, Appeals Pending Over Two Years, Awaiting Resolution.

Tax Department Halts Further Recovery; 38% Already Recovered, Appeals Pending Over Two Years, Awaiting Resolution. https://www.taxtmi.com/highlights?id=47075 Stay of demand - already recovered 38% of demand - appeals are pending since over 2 years - Departmental circulars also envisage stay pending appeal before the CIT(A), ordinarily upon deposit of 20% of the disputed tax - No special circumstances are pointed out to permit the Department to carry out full recoveries - not permitted to any further recoveries till the disposal of appeals en-us Mon, 10 Jun 2019 06:12:45 +0530 Mon, 10 Jun 2019 06:12:45 +0530 TaxTMI RSS Generator Tax Department Halts Further Recovery; 38% Already Recovered, Appeals Pending Over Two Years, Awaiting Resolution. https://www.taxtmi.com/highlights?id=47075 Stay of demand - already recovered 38% of demand - appeals are pending since over 2 years - Departmental circulars also envisage stay pending appeal before the CIT(A), ordinarily upon deposit of 20% of the disputed tax - No special circumstances are pointed out to permit the Department to carry out full recoveries - not permitted to any further recoveries till the disposal of appeals Highlights Income Tax Mon, 10 Jun 2019 06:12:45 +0530 https://www.taxtmi.com/highlights?id=47075