Tax Appeal Stay Granted with Reduced 10% Deposit Instead of Standard 15-20% Requirement.

Tax Appeal Stay Granted with Reduced 10% Deposit Instead of Standard 15-20% Requirement. https://www.taxtmi.com/highlights?id=47633 Stay of recovery - appeal pending before CIT(A) - circular lays down 15%/20% of the disputed demand to be deposited for stay, by way of a general condition and does not prohibit or envisage that there can be no deviation from this standard formula - it is inbuilt in the circular itself to either decrease or even increase the percentage of the deposit of disputed tax demand - stay granted at 10% payment en-us Tue, 02 Jul 2019 07:38:23 +0530 Tue, 02 Jul 2019 07:38:23 +0530 TaxTMI RSS Generator Tax Appeal Stay Granted with Reduced 10% Deposit Instead of Standard 15-20% Requirement. https://www.taxtmi.com/highlights?id=47633 Stay of recovery - appeal pending before CIT(A) - circular lays down 15%/20% of the disputed demand to be deposited for stay, by way of a general condition and does not prohibit or envisage that there can be no deviation from this standard formula - it is inbuilt in the circular itself to either decrease or even increase the percentage of the deposit of disputed tax demand - stay granted at 10% payment Highlights Income Tax Tue, 02 Jul 2019 07:38:23 +0530 https://www.taxtmi.com/highlights?id=47633