INCOME TAX : A huge amount towards refund cannot be declined on ground that a demand is pending for previous year; Where Commissioner by impugned order stayed demand with condition to adjust future refunds against demand of Assessment year 2012-13, impugned order was set aside to extent it put a condition of adjustment of future demand arising to assessee and, thus, unconditional stay of demand was granted till final disposal of appeal pending before ITATINCOME TAX : A huge amount towards refund cannot be declined on ground that a demand is pending for previous year; Where Commissioner by impugned order stayed demand with condition to adjust future refunds against demand of Assessment year 2012-13, impugned order was set aside to extent it put a condition of adjustment of future demand arising to assessee and, thus, unconditional stay of demand was granted till final disposal of appeal pending before ITATwww.taxmann.com Latest Case LawsRead More
