[aaykarbhavan] Recovery proceedings couldn’t be initiated if bank guarantee was already furnished by assessee

 

Recovery proceedings couldn't be initiated if bank guarantee was already furnished by assessee

August 13, 2014[2014] 47 taxmann.com 294 (Karnataka)

IT: Where petitioner in response to notice of demand of tax had already produced to satisfaction of Additional Commissioner of Income-tax that bank guarantee for balance amount was still in force, no recovery proceedings could be enforced against petitioner

Regards

Prarthana Jalan

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

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