https://www.taxtmi.com/caselaws?id=18905 Recovery of a disputed income-tax demand was considered susceptible to suspension pending disposal of the assessee's appeal where recovery was initiated before appellate hearing, the assessed income was substantially higher than the returned income, and no default by the assessee was shown. The Court relied on the CBDT circular that disputed demand should ordinarily remain in abeyance in such circumstances, and it declined to insist on cash security or a bank guarantee because existing capital assets were treated as adequate protection for the revenue. Recovery was therefore kept in abeyance until the appeal was decided, with no security condition imposed. en-us Thu, 27 Jul 1995 00:00:00 +0530 Mon, 02 Nov 2009 16:45:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18905 Recovery of a disputed income-tax demand was considered susceptible to suspension pending disposal of the assessee's appeal where recovery was initiated before appellate hearing, the assessed income was substantially higher than the returned income, and no default by the assessee was shown. The Court relied on the CBDT circular that disputed demand should ordinarily remain in abeyance in such circumstances, and it declined to insist on cash security or a bank guarantee because existing capital assets were treated as adequate protection for the revenue. Recovery was therefore kept in abeyance until the appeal was decided, with no security condition imposed. Case-Laws Income Tax Thu, 27 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18905