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2020 (4) TMI 764 - HC - Income TaxStay petition - given the present COVID-19 pandemic in the country, the Hon’ble Supreme Court directed that, no recovery measures to be taken by revenue authorities including Income Tax authorities - petitioner submits that, the petitioner should be allowed to operate bank accounts as, the recovery notice issued by the Income Tax authorities directs blanket stay operation of such bank accounts - HELD THAT:- The petitioners suffered an order of assessment in the year 2019. The petitioners preferred an appeal against such order of assessment. There is a stay petition pending also. The revenue authorities issued recovery notice on March 5, 2020 - revenue authorities received the recovery amount from the concerned banks. All these measures took place prior to the order dated March 20, 2020 passed by the Hon’ble Supreme Court. Therefore, the order of attachment on the bank account of the petitioners therein are lifted as the revenue received the demanded amount. It is clarified that this order is an interim measure given the COVID-19 pandemic situation in the country. The appellate authority is at liberty to dispose of the appeal of the petitioner in accordance with law, as expeditiously as possible. None of the observations made herein will prejudice any of the parties in the pending appeal.
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