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2020 (2) TMI 334 - HC - Income TaxStay of demand in the case of Dharmendra Valji Karia on deposit of 20% of the tax demand - HELD THAT:- Same treatment be extended to the petitioner as he has also deposited 20% of the tax demand which is in conformity with the CBDT Office Memorandum. That apart, when the petitioner had deposited 20% of the tax demand and his appeal is pending before the first appellate authority, it was not justified on the part of the revenue authority in sealing the bank accounts of the petitioner thereby creating hurdles in his day-to-day activities. Consequently and in the light of the above, we issue the following directions : (i) Appeal of the petitioner pending before Commissioner of Income Tax (Appeals) Mumbai-26 shall be decided expeditiously and in any event within a period of three months from the date of receipt of an authenticated copy of this order. (ii) Since petitioner had deposited 20% of the tax demand in terms of the Assessment Order, there shall be stay of recovery of the balance amount till disposal of the appeal as aforesaid. (iii) Bank accounts of the petitioner which are stated to have been sealed by the respondents shall be resealed forthwith
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