20% Recovery on Income Tax Demand in Dispute shall be made on Crystallised Tax Liability, not on Scaled Down Amount: Delhi HC directs Refund of Excess Amount [Read Order]

Income Tax Demand - Crystallised Tax Liability - Income Tax - Delhi High court - Refund of Excess Amount - taxscan

The Delhi High Court has ruled that 20% recovery on income tax demand which is in dispute shall be made on the crystallised tax liability and not on scaled down amount. Also, the same shall not exceed 20%. The court directed the income tax authorities to refund the excess amount recovered. The petitioner/assessee filed a…

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