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2012 (9) TMI 625 - HC - Income TaxNotice u/s 271(1)(c) - two impugned notices were issued to the petitioner in respect of deposits in accounts held by him in various banks - Held that:- This Court is of the opinion that the proceedings pending before the TRO should be concluded after involving the writ petitioner and making available to him such material as the tax authorities choose to rely against him in support of their position that the monies and deposits which are said to be the subject matter of judgment under Section 226(3) do not belong to him but to the assessee - Copies of such materials, if in the possession of the TRO shall be made available within two weeks to the petitioner, who shall thereafter make written representation within a week thereafter, setting-out the grounds or reasons why the course of action proposed in attaching the amounts is not feasible or legal The interim arrangement subsisting and binding the parties whereby the amounts lying in deposit are not to be withdrawn.
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