2019 (9) TMI 1719

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...., counsel appears on behalf of Shri Amit Chaudhary, counsel ORDER Heard on I.A. No. 1, which is an application for grant of interim relief. It is contended that the assessment order dated 09.02.2019 (Annexure P-3) was passed on the basis of the past six years assessment and as against the amount of Rs. 1,12,31,353/- the assessment was calculated to 87,36,07,803/-, which is 78 times higher....

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....nataka High Court in the case of Flipkart India Private Limited Vs. The Assistant Commissioner of Income Tax, Circle (3) (1) (1) {Writ Petition Nos. 1339-1342/2017 (T-IT), decided on 23.02.2017} has considered the ratio about the unreasonably high pitched assessment. It is further contended that the circular of the department itself though prescribes that the appeal of the like nature to be decide....

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....21.03.1996 which was further modified to make the deposit of 20%. Further it is contended that on 31.07.2017 it was decided that the circular speaks that the reference to disputed demand was modified to the extent of 20% in respect of recovery of tax. It is further submitted that the petitioner in this case without payment of single amount wanted the appeal to be decided within a short period of t....