M/S Ram Kanwar Ram Niwas v. Income Tax Officer and Anr.
Case brief
What is this about?
The Delhi High Court allowed an interim stay and disposed of a writ petition challenging tax adjustments made despite 20% deposit with the matter pending before the CIT(A), subject to refund of excess within eight weeks.
What did the court decide?
Adjustments stayed subject to refund of excess over 20% deposited within eight weeks post-verification; disposal of writ petition.