[aaykarbhavan] AO can’t disregard ITAT’s stay order to collect pending tax on basis of consent letter from assessee

AO can't disregard ITAT's stay order to collect pending tax on basis of consent letter from assessee

November 5, 2014[2014] 51 taxmann.com 1 (Mumbai - Trib.)

IT/ILT: If Tribunal grants stay of recovery of demand, the Assessing Officer cannot collect the pending amount from assessee even after obtaining a consent letter from him.

• The Tribunal issued a direction to all Chief Commissioners to circulate a letter to all the concerned Assessing Officers for not adopting this kind of approach of obtaining consent letters from assessees.

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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