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2022 (9) TMI 1150 - HC - Income TaxAttachment orders - additional affidavit on record pointing out specific financial constraints on its business operations on account of the interim order - Pleadings are complete in the said application - application of the Petitioner seeking partial modification of the interim order has been heard from time to time - HELD THAT:- Though a suggestion is made by Respondent that the AO will be free to take recourse having the books of accounts of the Petitioner audited by an expert, yet the said suggestion is strongly refuted by the senior counsel for the Petitioner. We are not dealing with the merits of the rival contentions taken in these proceedings and the assessing officer will take such steps as are available to him, in accordance with law. It is made clear that the above order has been passed on the basis of offer made by the Petitioner and will not be considered as a precedent in any other proceeding. Accordingly, the attachment orders and this Court’s order are modified in the manner stated above. However, this order shall come into effect from the date the Petitioner deposits the additional 100 crores in terms of para 7(i) above. Upon deposit of the said sum, the AO will withdraw the attachment orders and will communicate the same to the parties to whom attachment orders were served. With the above directions, present writ petition and pending applications stand disposed of.
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