https://www.taxtmi.com/caselaws?id=461913 Refund set-off against outstanding income-tax demands was restricted to 20% where stay applications had already been filed before the adjustment. The Court proceeded on the basis that payment of 20% would have left the balance 80% stayed, so the earlier refund adjustment could not exceed that limit. The remaining amount adjusted against the demands for the relevant assessment years was required to be restored, and refund of the balance 80% was directed. en-us Tue, 23 Jul 2024 00:00:00 +0530 Wed, 07 May 2025 18:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461913 Refund set-off against outstanding income-tax demands was restricted to 20% where stay applications had already been filed before the adjustment. The Court proceeded on the basis that payment of 20% would have left the balance 80% stayed, so the earlier refund adjustment could not exceed that limit. The remaining amount adjusted against the demands for the relevant assessment years was required to be restored, and refund of the balance 80% was directed. Case-Laws Income Tax Tue, 23 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461913