Demand
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2014
Dear Experts,
If any Income Tax Officer, is making an Assessment proceeding of an Assessee u/s 143(1) and after completion of proceeding,he found that a huge amount has been escaped and after that he demanded Rs. 2 Lakhs as Income Tax and Interest. Then is it mandatory to pay the demand of Tax before filing appeal to the competent authority.
Because same incident had took place with a Assessee whom the ITO has told to first deposit the Tax then to file Appeal before CIT (Appeal), otherwise he is authorized to attach his bank for recovery of Tax.
So, Sir under which section of IT Act, can a ITO compel the Assessee to deposit the Tax before filing Appeal.
Thank You.
If any Income Tax Officer, is making an Assessment proceeding of an Assessee u/s 143(1) and after completion of proceeding,he found that a huge amount has been escaped and after that he demanded Rs. 2 Lakhs as Income Tax and Interest. Then is it mandatory to pay the demand of Tax before filing appeal to the competent authority.
Because same incident had took place with a Assessee whom the ITO has told to first deposit the Tax then to file Appeal before CIT (Appeal), otherwise he is authorized to attach his bank for recovery of Tax.
So, Sir under which section of IT Act, can a ITO compel the Assessee to deposit the Tax before filing Appeal.
Thank You.
24 February 2014
you need to file application for stay of demand with the AO. filing of appeal itself is not sufficient for abating the tax demand.
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