https://www.taxtmi.com/caselaws?id=763071 Delhi HC ruled that revenue authorities cannot adjust refunds against stayed tax demands where assessee has deposited required 20% of disputed amount. The court found such adjustment arbitrary as it disadvantages assessees entitled to refunds compared to those without refunds due. Revenue was directed to refund amounts for relevant assessment years with applicable interest within eight weeks, noting no evidence of asset alienation or inability to pay if demand confirmed on appeal. en-us Wed, 04 Dec 2024 00:00:00 +0530 Wed, 11 Dec 2024 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763071 Delhi HC ruled that revenue authorities cannot adjust refunds against stayed tax demands where assessee has deposited required 20% of disputed amount. The court found such adjustment arbitrary as it disadvantages assessees entitled to refunds compared to those without refunds due. Revenue was directed to refund amounts for relevant assessment years with applicable interest within eight weeks, noting no evidence of asset alienation or inability to pay if demand confirmed on appeal. Case-Laws Income Tax Wed, 04 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763071