Bombay High Court Holds Mechanical Rejection of Stay Application for Non-Deposit of 20% Disputed Tax is Invalid; Directs Reconsideration. The court found that the Principal Commissioner of Income Tax failed to consider financial hardship of a 100% government-owned undertaking while rejecting stay under Income Tax Act, 1961, Sections 147, 144, 156.
14 Feb 2023The litigation arose from income-tax assessment proceedings against the Goa Forest Development Corporation, a Government of Goa undertaking. The petit...
