TMI Blog2015 (3) TMI 890X X X X Extracts X X X X X X X X Extracts X X X X ..... ax dues have already been paid. In addition thereto, pursuant to the attachment of the accounts, an amount of about ₹ 11.27 crores has already been appropriated by the respondents-Department against a demand of ₹ 51 crores towards interest - Held that:- Two drafts amounting to ₹ 4 crores and ₹ 18 crores, we have been informed, have been prepared by the Bank for payment to t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... awalia,JJ. For the Appellant : Mr Sandeep Goyal, Adv. For the Respondent : Mr T K Joshi, Adv. ORDER S. J. Vazifdar, Acting Chief Justice (Oral): The petitioner has challenged the respondents' action, attaching six bank accounts, appropriating the amounts therefrom for its payments of the penalty levied, under the provisions of the Income Tax Act, 1961 (for short, the ' ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of this Court expressed the hope that the petitioner's appeal before the CIT (Appeals) would be decided by the next date of hearing. The same is still pending. The tax dues have already been paid. In addition thereto, pursuant to the attachment of the accounts, an amount of about ₹ 11.27 crores has already been appropriated by the respondents-Department against a demand of ₹ 51 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to ₹ 4 crores and ₹ 18 crores, we have been informed, have been prepared by the Bank for payment to the Department but the respondents have been restrained from withdrawing the same, by the interim order passed by this Court on 17.11.2014. To allow the drafts to remain in operation would not enure to the benefit of either of the parties as the interest would stop running from the date ..... X X X X Extracts X X X X X X X X Extracts X X X X
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