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TMI Blog2011 (7) TMI 38X X X X Extracts X X X X X X X X Extracts X X X X ..... nd not during the financial years 2004-05 to 2006-07, it does not make any difference to the final decision/outcome - Income Tax Department had filed an application for release of the funds in the Natwest Bank but the said application was rejected and a revision petition filed by the Income tax Department is pending - Deposits in the Natwest Bank represents payments received for services rendered ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essment years 2004-05 to 2006-07 and not Rs.108,39,46,971/- during assessment years 2004-05 to 2006-07. The figure of Rs.108,39,46,971/- represents the amount deposited in Natwest Bank, London and remaining Rs.3,33,06,123/- was deposited in the Deutsche Bank, New Delhi. (b) In paragraph 12 of the decision dated 20th April, 2011, it is mentioned that the date 6th March, 2006, when the FIR was reg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... k, London. Even if this amount along with Rs.3,33,06,123/- was received during the financial years relevant to the assessment years 2004-05 to 2006-07 and not during the financial years 2004-05 to 2006-07, it does not make any difference to the final decision/outcome. The figures and the details stated in paragraph 12 of the decision are factually correct. 4. The return for the assessment year 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Income tax Department is pending. There is a restraint order and the applicant cannot pay the taxes and should not be coerced and compelled to pay the Income Tax Department. The State cannot act unreasonably. (d) Deposits in the Natwest Bank represents payments received for services rendered by the applicant and this cannot be overlooked. 6. The aforesaid contentions have not been over ..... X X X X Extracts X X X X X X X X Extracts X X X X
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