Question ID :
36928
079710
The AO has assessed the Income Rs. 4.50 cr. against returned income Rs. 8.00 Lacs whether we have to submit 20% of Disputed tax or any other remedy and what is procedure for stay of such demand
Posted by
SANDEEP KAPOOR
on
Jan 08, 2019
Filed Under
DIRECT TAXES
Need to deposit 20% to seek stay.
Posted by
B.CHACKRAPANI WARRIER on
Jan 09, 2019
Answer ID :
76195
technically you have to deposit 20% of the disputed demand. However, there is Bomaby High Court Decision in AO cannot ask for payment of even 20% of the Disputed Tax till the disposal of the appeal by CIT –A.
Posted by
CA. SATISH CHAND GARG on
Jan 12, 2019
Answer ID :
76196
technically you have to deposit 20% of the disputed demand. However, there is Bomaby High Court Decision in AO cannot ask for payment of even 20% of the Disputed Tax till the disposal of the appeal by CIT –A.
Posted by
CA. SATISH CHAND GARG on
Jan 12, 2019