TMI Blog2019 (4) TMI 1482X X X X Extracts X X X X X X X X Extracts X X X X ..... iled by the petitioner are pending before the appellate authority and the assessing officer respectively, the interests of both parties will be protected by directing the petitioner to remit a sum of ₹ 25,00,000/- (Rupees twenty five lakhs only) either by appropriation of the amounts lying to its credit in the South Indian Bank, Triplicane Branch/the third respondent herein or by way of fres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shnan, Sr. Standing Counsel For the Respondent-4 : Mr. C.Mohan, for, M/s. King and Patridge. ORDER The petitioner is a Partnership Firm, assessed to Income Tax on the file of the first respondent/Assistant Commissioner of Income Tax, Non-Corporate Circle - 3. In respect of assessment year 2012-13, an order of assessment in terms of the provisions o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... authority by the petitioner. The assessment has given rise to a demand of a sum of ₹ 2,14,09,400/-. 3. The petitioner has filed an application seeking stay of recovery of the demand before the first respondent, which is yet pending disposal. Even during the pendency of the aforesaid stay application, garnishee notices under Section 226 (3) of the Act appear to have been issue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore the appellate authority and the assessing officer respectively, I am of the view that the interests of both parties will be protected by directing the petitioner to remit a sum of ₹ 25,00,000/- (Rupees twenty five lakhs only) either by appropriation of the amounts lying to its credit in the South Indian Bank, Triplicane Branch/the third respondent herein or by way of fresh remittance, to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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