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2019 (4) TMI 574 - HC - Income TaxStay petition - recovery proceedings - attachment of bank accounts - AO issued a notice initially by letter to the Bank of India withdrawing the earlier notice on the ground that petitioner was having business of essential commodities in the interest of general public for consumers - After addressing such letter on 20.1.2019, respondent no.1 issued a fresh notice u/s 226(3) for attaching the accounts of the petitioners, attachment the petitioners are unable to make payment to Bharat Petroleum Corporation Limited which is required to be paid for supply of Cooking gas cylinders to the customers of the petitioners - HELD THAT:- Statement of learned Counsel for the petitioners that the petitioners are required to pay various amounts to Bharat Petroleum Corporation Limited towards supply of LPG cylinders and if such amount is not paid, large number of the customers of the petitioners would be seriously affected is accepted. There is substance in the submission made by the learned Counsel for the petitioners. AO is directed to dispose of the application for stay filed by the petitioners on 23.1.2019 (Exh. 3 Colly) to the petition within two weeks from the date of communication of this order after giving an opportunity of being heard to the petitioners. Till such application for stay is decided by the Assessing Officer, the petitioners would be permitted to make payment of ₹ 3,00,000/- to the Bharat Petroleum Corporation Limited without prejudice to the rights and contentions of the respondents.
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