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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

Answer ID : 76153

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