https://www.taxtmi.com/caselaws?id=774380 The HC held that the petitioner, having deposited 20% of the tax demand as directed, was entitled to stay of recovery proceedings for AY 2016-17. The court found the department's hurried adjustment of AY 2024-25 refund against the disputed demand arbitrary, especially when rectification petitions and appeals were pending. The court directed the department to refund Rs. 3 crores within four weeks, dispose of the rectification petition within four weeks, and defer recovery proceedings until pending appeals before CIT(A) are decided. The writ petition was disposed of with these directions. en-us Fri, 20 Jun 2025 00:00:00 +0530 Tue, 08 Jul 2025 08:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774380 The HC held that the petitioner, having deposited 20% of the tax demand as directed, was entitled to stay of recovery proceedings for AY 2016-17. The court found the department's hurried adjustment of AY 2024-25 refund against the disputed demand arbitrary, especially when rectification petitions and appeals were pending. The court directed the department to refund Rs. 3 crores within four weeks, dispose of the rectification petition within four weeks, and defer recovery proceedings until pending appeals before CIT(A) are decided. The writ petition was disposed of with these directions. Case-Laws Income Tax Fri, 20 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774380