https://www.taxtmi.com/caselaws?id=461914 Karnataka HC held that tax authorities cannot adjust refund amounts exceeding 20% of demand when taxpayer has filed appeal and stay applications. Despite petitioner filing appeal in 2015 and multiple stay applications during 2015-2016, authorities failed to dispose of appeals or pass orders on stay applications. Court directed respondents to refund entire amount exceeding 20% of demand for assessment year 2012-13 with applicable interest within six weeks and dispose of pending appeal within three months. en-us Wed, 25 Sep 2024 00:00:00 +0530 Wed, 07 May 2025 18:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461914 Karnataka HC held that tax authorities cannot adjust refund amounts exceeding 20% of demand when taxpayer has filed appeal and stay applications. Despite petitioner filing appeal in 2015 and multiple stay applications during 2015-2016, authorities failed to dispose of appeals or pass orders on stay applications. Court directed respondents to refund entire amount exceeding 20% of demand for assessment year 2012-13 with applicable interest within six weeks and dispose of pending appeal within three months. Case-Laws Income Tax Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461914