{"id":39803,"date":"2024-03-01T17:50:35","date_gmt":"2024-03-01T12:20:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/amtek-transportation-systems-ltd-v-acit-2023456-itr-4-156-taxmann-com-35-delhihc\/"},"modified":"2024-03-01T17:50:35","modified_gmt":"2024-03-01T12:20:35","slug":"amtek-transportation-systems-ltd-v-acit-2023456-itr-4-156-taxmann-com-35-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/amtek-transportation-systems-ltd-v-acit-2023456-itr-4-156-taxmann-com-35-delhihc\/","title":{"rendered":"Amtek Transportation Systems Ltd. v ACIT (2023)456 ITR 4 \/ 156 taxmann.com 35 (Delhi)(HC)"},"content":{"rendered":"<p>The Assessing Officer has raised the huge demand and directed to deposit 20 per cent of tax in dispute, relying on\u00a0 CBDT instruction dated July 31, 2017\u00a0 ([2017] 396 ITR (St). On writ the Court held that the requirement to deposit 20 per cent. of the demand is not cast in stone. It can be scaled down in a given set of facts. Relied on PCIT v. LG Electronics Pvt Ltd (2018) 18 SCC 447\/ 12 ITR-OL 334 (SC). Directed to carry out the de novo exercise. (AY.2021-22)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 220 : Collection and recovery-Assessee deemed in default-Stay-Pendency of appeal Recovery Of Tax-Condition of deposit of 20 per.cent of outstanding demand is not mandatory. [S.220(6), Art. 226]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-39803","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-alZ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=39803"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39803\/revisions"}],"predecessor-version":[{"id":39804,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39803\/revisions\/39804"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}