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2019 (9) TMI 561

..... ed counsel for the petitioner, prima facie, appear to be genuine to us, in view of the fact that the cash credit account of the petitioner has already been attached, which may be causing hindrance in the business of the petitioner. Accordingly, we direct the petitioner to make the deposit of ₹ 30,00,000/- and upon the deposit of this amount, the attachment order dated 24.06.2019 attaching th .....

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..... ner : M/s. Sumeet Gadodia, Aakansha Mittal, Advs. For the Respondents : Mr. Rahul Lamba, Advocate ORDER In all these matters, the petitioner is aggrieved by the orders dated 08.04.2019, passed by the Income Tax Officer, TDS Ward, Ranchi, whereby the petitions for stay of demands for the financial years starting from F.Y. 2012-2013 to F.Y. 2017-2018, have been rejected by the Income Tax Officer, st .....

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..... Chief Manager of the Bank. It is an admitted position that the attachment order of the cash credit account has also been issued on 24th June, 2019. 4.Since the petitioner has moved this Court directly, without availing the alternative remedy provided in the Act, we are not considering the arguments of the learned counsel for the petitioner on merits, which we keep open to be taken by the petition .....

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..... redit account of the petitioner may be released from attachment. It is pointed out by the learned counsel that in the circular dated 29.02.2016, and the subsequent circular dated 31st July, 2017 issued by the CBDT, under which, there is a provision for stay of the demand notice upon payment of 20% of the demand notice, there is also a provision for consideration of reduction of the percentage of t .....

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..... e causing hindrance in the business of the petitioner. Accordingly, we direct the petitioner to make the deposit of ₹ 30,00,000/- and upon the deposit of this amount, the attachment order dated 24.06.2019 attaching the cash credit account of the petitioner shall remain in abeyance, till the period one week, and if revision / review is filed against the order dated 08.04.2019 within the same .....

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