9911796707
TMI Blog2012 (10) TMI 253X X X X Extracts X X X X X X X X Extracts X X X X ..... .9.2005 can be raised by the petitioner before the Appellate Authority who shall be obligated to consider the same while deciding the petitioner's appeal - as not in dispute that the assessment order dated 30.12.2011 raising demand of Rs. 19,32,36,475/- towards income tax, penalty/interest etc. for the AY 2009-10 is already under challenge in appeal before the CIT (A), thus dispose of this writ pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Patiala, is aggrieved by the notice dated 14.3.2012 (Annexure P-10) issued under Section 226 (3) of the Income Tax Act (for short 'the Act') raising demand of Rs. 19,32,36,475/- towards income tax, penalty/interest etc. for the assessment year 2009-10. The notice under challenge is resultant to the assessment order dated 30.12.2011 (Annexure P-5). The short grievance of the petitioner-Authority ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exure P-4) can be raised by the petitioner before the Appellate Authority who shall be obligated to consider the same while deciding the petitioner's appeal. Similarly, the plea taken by the Revenue in its counter-affidavit before us can also be gone into by the Appellate Authority, referred to above. In these circumstances and without expressing our views on merits, we dispose of this writ peti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DRs would be required to be encashed to discharge the due tax liability for the next assessment year and to perform other statutory responsibilities. Keeping the facts and circumstances in view and in order to protect the interest of the Revenue, we direct that the petitioner- Authority shall not withdraw or encash its fixed deposits to the tune of Rs. 20 crores till the decision of appeal by resp ..... X X X X Extracts X X X X X X X X Extracts X X X X
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