https://www.taxtmi.com/caselaws?id=406750 The Gujarat High Court found that the order demanding the petitioner to deposit 20% of the total amount lacked proper reasoning. The court directed that no further recovery should be made towards the demand by adjusting from the eligible refund for the specified assessment year. Additionally, the court restrained any additional recovery from the refund, acknowledging the department's adjustment of an amount exceeding the 20% demand, resulting in the recovery of an excess amount of Rs. 83 crore. The court granted an ad-interim order providing temporary relief to the petitioner. en-us Wed, 10 Feb 2021 00:00:00 +0530 Thu, 22 Apr 2021 08:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406750 The Gujarat High Court found that the order demanding the petitioner to deposit 20% of the total amount lacked proper reasoning. The court directed that no further recovery should be made towards the demand by adjusting from the eligible refund for the specified assessment year. Additionally, the court restrained any additional recovery from the refund, acknowledging the department's adjustment of an amount exceeding the 20% demand, resulting in the recovery of an excess amount of Rs. 83 crore. The court granted an ad-interim order providing temporary relief to the petitioner. Case-Laws Income Tax Wed, 10 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406750