Skip to content Skip to footer

Stay of demand 


Where High Court by impugned order directed revenue to release lien on remaining fixed deposits only after assessee made a payment of Rs. 1500 crores in cash or gave a letter to bank to remit Rs. 1500 crores to credit of revenue from fixed deposits availableand furnish property security for balance tax liability with interest and penalty, said order was to be modified and requirement of security with respect to penalty was to be dispensed – Cognizant Technology Solutions India (P.) Ltd. v. Assistant Commissioner of Income-tax. – [2024] 158 taxmann.com 429 (SC)

Leave a comment

Cart0
Cart0

Disclaimer

As per the provisions of CA Act, we are not permitted to solicit work and advertise. The user acknowledges the following:
There has been no advertisement, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our members to solicit any work through this website; The user wishes to gain more information about us for his/her own information and use; The information about us is provided to the user only on his/her specific request and any information obtained or materials downloaded from this website is completely at the user’s volition and any transmission, receipt or use of this site would not create any lawyer-client relationship. The information provided under this website is solely available at your request for information purpose only and should not be interpreted as soliciting or advertisement.
We are not liable for any consequence of any action taken by the user relying on material/information provided under this website. In cases where the user has any legal issues, he/she in all cases must seek independent professional advice, as the material contained in this document does not constitute/substitute professional advice that may be required before acting on any matter. Neither this website nor the web pages and the information contained herein constitute a contract, or will form the basis of a contract. While, every care has been taken in preparing the content of this website and web pages to ensure accuracy at the time of publication and creation, however, Bicaps APS & Associates assumes no responsibility for any errors, which despite all precautions may be found herein. All disputes, if any, are subject to the exclusive jurisdiction of courts at New Delhi, India only.