Income Tax Recovery Automatically stays when 20% Pre-deposit is Paid for Appeal Filing: Madras HC quashes Recovery Notice [Read Order]
Normally, when an Assessee makes the payment of 20% of the disputed tax amount, there will be an automatic stay of recovery proceedings
By Navasree A.M - On May 18, 2025 12:01 pm - 2 mins read
In a recent ruling, the Madras High Court has held that recovery proceedings under the Income Tax Act, 1961 are automatically stayed when an assessee deposits 20% of the disputed tax amount at the time of filing an appeal. The bench of Krishnan Ramasamy quashed the recovery notice issued by the Income Tax Department, observing…
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