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HC Reduces Pre-Deposit to 5% in High-Pitched Assessment Case

This presentation explains how the High Court reduced the pre-deposit requirement to 5% in a high-pitched tax assessment, offering major relief to taxpayers. Curated with insights from CA Manoj K Pahwa, a specialist in FEMA, taxation, and high-stakes litigation support, it highlights key facts, legal reasoning, and practical takeaways for professionals. To learn more, https://femaconsultant.com/

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HC Reduces Pre-Deposit to 5% in High-Pitched Assessment Case

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  1. HC Reduces Pre-Deposit to 5% in High-Pitched Assessment Case skyquestc@gmail.com www.femaconsultant.com 011 47026276

  2. Understanding High-Pitched Assessments Assessment far higher than declared income. Causes unfair tax burden + financial stress. Often challenged due to disproportionate demands. skyquestc@gmail.com www.femaconsultant.com 011 47026276

  3. Case Snapshot Declared income: ₹27.46 lakh Assessed income: ₹46.66 crore (≈ 170× higher) Bank & property seized; taxpayer lacked funds. AO demanded 20% pre-deposit + ₹5 lakh/month. skyquestc@gmail.com www.femaconsultant.com 011 47026276

  4. High Court’s Relief The court called the demand “onerous” and unreasonable. Reduced pre-deposit from 20% → 5%. Allowed ₹1 lakh/month until appeal decision. Ensured the right to appeal without financial hardship. skyquestc@gmail.com www.femaconsultant.com 011 47026276

  5. Key Takeaways Courts can relax pre-deposit in high-pitched cases. Relief depends on hardship + huge disparity. Useful precedent for taxpayers and advisors. skyquestc@gmail.com www.femaconsultant.com 011 47026276

  6. Thank You www.femaconsultant.com skyquestc@gmail.com 011 47026276

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