https://www.taxtmi.com/caselaws?id=385847 The court ordered the Income Tax Department to scale down tax demands due to a miscarriage of justice in assessment proceedings and disproportionate nature of demands. The Department was directed to pay over a sum of Rs. 49,38,00,000/- to the Custodian with interest. The court reserved liberty for applicants to apply post the deposit by the tax department. Custodian Report no. 18 of 2016 was disposed of without costs. en-us Fri, 06 Sep 2019 00:00:00 +0530 Fri, 13 Sep 2019 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385847 The court ordered the Income Tax Department to scale down tax demands due to a miscarriage of justice in assessment proceedings and disproportionate nature of demands. The Department was directed to pay over a sum of Rs. 49,38,00,000/- to the Custodian with interest. The court reserved liberty for applicants to apply post the deposit by the tax department. Custodian Report no. 18 of 2016 was disposed of without costs. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385847