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2020 (3) TMI 1174 - HC - Income TaxStay petition - recovery proceedings - Freezing of bank account - petitioner's appeal is pending before the Commissioner of Income Tax (Appeals) and the petitioner was required to deposit 20% of the outstanding amount - HELD THAT:- As stated that applications were preferred on 10/2/2020 and 28/2/2020 informing the Commissioner of Income Tax that 20% of the outstanding demand has already been recovered by the Department and, therefore, the other bank accounts may not be freezed. Respondent Department has fairly stated before this Court that some breathing time be granted to the Department to decide the applications preferred in the matter. Resultantly, the present petition is disposed of with a direction to the respondent Department to pass appropriate order keeping in view the amount already recovered and the outstanding amount which is outstanding against the petitioner. The Commissioner shall decide the aforesaid applications by taking into account the CBDT Circular dated 29/2/2016 and 31/7/2017 within a period of 3 days from the date of receipt of certified copy of this order.
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