Stay Application Rejected by Income Tax Dept Over alleged Under-Reporting: Madras HC directs to Resolve Appeal in 4 Months [Read Order]
Analysing the circumstances, the Court found it appropriate to direct the fourth respondent, the Commissioner of Income Tax, to dispose of the appeals within 4 months from the receipt of the Court’s order
By Navasree A.M - On August 27, 2024 3:05 pm - 2 mins read
In a recent ruling, the Madras High Court instructed the Income Tax Department to resolve an appeal within four months in a matter where the department had rejected the stay application based on an incorrect impression of under-reporting by the assessee. The assessee-petitioner, Aparajitha Foundations challenged the impugned orders dated 01.12.2023 and 28.02.2024 related to…
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