https://www.taxtmi.com/article/detailed?id=13228 The Revenue's ability to adjust an assessee's refunds against a stayed tax demand is limited by the pre-deposit condition imposed for grant of stay under the CBDT office memorandum; ordinarily the Department may confine recovery to the quantum deposited to secure the stay (generally twenty percent) and may not set off refunds to increase recovery absent justification such as asset dissipation or risk of frustration of recovery. en-us Thu, 19 Dec 2024 11:49:10 +0530 Thu, 19 Dec 2024 11:49:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13228 The Revenue's ability to adjust an assessee's refunds against a stayed tax demand is limited by the pre-deposit condition imposed for grant of stay under the CBDT office memorandum; ordinarily the Department may confine recovery to the quantum deposited to secure the stay (generally twenty percent) and may not set off refunds to increase recovery absent justification such as asset dissipation or risk of frustration of recovery. Articles Income Tax Thu, 19 Dec 2024 11:49:10 +0530 https://www.taxtmi.com/article/detailed?id=13228