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2019 (1) TMI 117 - HC - Income TaxGarnishee orders - stay petitions - subject matter assessment years has not attained the finality - Held that:- Interest of the both parties will be protected, if the petitioner is directed to pay a sum of ₹ 15,00,000/- towards the assessment year 2008-09, without prejudice to their contention in the appeal before the First Appellate Authority for the purpose of lifting the impugned garnishee orders. Accordingly, these Writ Petitions are allowed and the impugned orders are set aside, subject to condition the petitioner pays a sum of ₹ 15,00,000/- (Rupees Fifteen Lakhs only) towards assessment year 2008-09 before the 4th respondent within a period of four weeks from the date of receipt of copy of this order. It is made clear that the said payment is without prejudice to the contentions of either parties in the above appeal pending before the Appellate Authority.
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