The Karnataka High Court has held that the Income Tax Department acted illegally by adjusting refunds due to the company for Assessment Years (AY) 2021-22 and 2022-23 against a disputed tax demand for AY 2018-19, despite an existing stay on the recovery of 85% of that demand. The bench of Justice S.R.Krishna Kumar quashed the…
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Income Tax Dept. Illegally Adjusted of Refunds Despite Stay on Demand: Karnataka HC Orders Refund
Amit Sharma
Amit Sharma is the Content Editor at JurisHour. He has been writing about the Indian legal market. He has covered tax & company litigation stories from the Supreme Court, High Courts and Various Tribunals. Amit graduated from MLSU Law College with B.A.LL.B. and also holds an LL.M. from MLSU, Udaipur, Rajasthan. An Advocate in Taxation, and practised in Tribunals as well as Rajasthan High Court and pursued Masters in Constitutional Law. He started out small with little resources but a big plan to take tax legal education to the remotest locations across India and eventually to the world. His vision is to make tax related legal developments accessible to the masses.
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