Delhi HC Directs Release of Excess Tax Adjustment as Set-off of Refund Against Outstanding Tax Demands Limited to 20% of Disputed Demand [Read Order]

By Devanand T R - On August 31, 2023 4:00 pm - 2 mins read
Delhi HC Directs Release of Excess Tax Adjustment Set - off of Refund - Outstanding Tax Demands Limited - Disputed Demand - TAXSCAN

The High Court of Delhi has directed the release of excess tax adjustment by the Assessing Officer (AO) on the finding that the set-off of refund against the outstanding tax demands is limited to 20% of the disputed demand. The decision came in response to a writ petition filed by Jindal Stainless Ltd. against the…

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