https://www.taxtmi.com/caselaws?id=456966 The HC dismissed the writ petition challenging the first respondent's decision to reject the stay of a tax demand for AY 2015-2016. Despite the petitioner's claims of incorrect TDS credits post-amalgamation and a notice u/s. 148 for FY 2014-15 transactions, the court upheld the assessment u/s. 147 r/w 144 r.w 144B. The rectification petition was partially accepted, but the court found the first respondent's decision reasonable, considering the petitioner's financial condition, and required payment of 20% of the demand. The court emphasized the need for proper application of mind and dismissed the connected miscellaneous petition. en-us Fri, 09 Jun 2023 00:00:00 +0530 Thu, 29 Aug 2024 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456966 The HC dismissed the writ petition challenging the first respondent's decision to reject the stay of a tax demand for AY 2015-2016. Despite the petitioner's claims of incorrect TDS credits post-amalgamation and a notice u/s. 148 for FY 2014-15 transactions, the court upheld the assessment u/s. 147 r/w 144 r.w 144B. The rectification petition was partially accepted, but the court found the first respondent's decision reasonable, considering the petitioner's financial condition, and required payment of 20% of the demand. The court emphasized the need for proper application of mind and dismissed the connected miscellaneous petition. Case-Laws Income Tax Fri, 09 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456966