https://www.taxtmi.com/caselaws?id=443072 The HC held that the assessment order frames the crystallised tax liability (Rs. 44,10,05,569) and the 20% deposit for stay pending appeal must be calculated on that crystallised amount, not on a reduced figure after credit for third party tax receipts. Consequently, amounts collected in excess of 20% of the crystallised liability must be refunded after verification. TDS and TCS already collected are to be adjusted against the 20% computed on the assessment figure, and any net payable balance is to be remitted to the assessee within the directed time frame. en-us Tue, 05 Sep 2023 00:00:00 +0530 Wed, 11 Feb 2026 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443072 The HC held that the assessment order frames the crystallised tax liability (Rs. 44,10,05,569) and the 20% deposit for stay pending appeal must be calculated on that crystallised amount, not on a reduced figure after credit for third party tax receipts. Consequently, amounts collected in excess of 20% of the crystallised liability must be refunded after verification. TDS and TCS already collected are to be adjusted against the 20% computed on the assessment figure, and any net payable balance is to be remitted to the assessee within the directed time frame. Case-Laws Income Tax Tue, 05 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443072