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2019 (3) TMI 1557 - ALLAHABAD HIGH COURTAlternate remedy - writ petition - availability of statutory remedy of approaching the ITAT - penalty u/s 271(1)(c) - application for stay of demand - seize the bank accounts - HELD THAT:- Since the petitioner has a statutory remedy of approaching the ITAT against the order passed by the CIT (A), the petitioner has not yet approached the ITAT, all the pleas raised in the writ petition can very well be taken in the appeal filed before the ITAT, the petitioner can also make an application for interim relief which can be considered by the ITAT, we do not find any reason to grant indulgence. Writ petition is finally disposed of with the observation that in case the petitioner prefers an appeal before the ITAT, the same may be considered by the ITAT expeditiously including the application for interim relief which may be considered by the ITAT, if possible, on the date of filing of the appeal. In the meantime, the petitioner may move an application for release of bank accounts to the opposite parties who may consider the same taking into consideration the difficulties faced by the petitioner and looking to the fact that the petitioner is a Government Corporation involved in the generation of electricity which is an essential commodity.
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