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2014 (1) TMI 990 - KARNATAKA HIGH COURTLifting of attachment order - Held that:- The total outstanding dues are Rs.4,13,64,121 - On 26.09.2013, a sum of Rs.12,00,000/- has been paid and therefore, the balance of Rs.1,94,82,061/- out of the 50% demand, is the outstanding to be deposited - A sum of Rs.3,03,71,740/- is the refund which the petitioner is eligible for, for the assessment years 2012-13 and 2013- 14 - The petitioner submitted that he would not press for refund of the aforesaid amount and till the disposal of the appeal pending before the fourth respondent, no coercive steps may be initiated against the petitioner with regard to payment of balance 50% of outstanding dues. The authorities were directed to dispose of the appeal filed by petitioner on or before 28.02.2014 - Till then, the petitioner shall not press for refund of Rs.3,03,71,740 - Respondents are directed not to take any precipitative action in regard to the balance outstanding dues - The respondents were also directed to lift the attachment in respect of other bank accounts forthwith.
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