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2017 (3) TMI 1530

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..... Income Tax (Appeals) in appeal filed by the appellant, we consider it proper and in the interest of justice to dispose of these appeals with the following directions: (1) The CIT (Appeals) is directed to decide the pending appeals filed by the appellant herein within one month from the date of production of the copy of this order, in accordance with law, without granting unnecessary adjournment .....

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..... Mr. Arvind Datar, Sr. Adv., Mr. Amitabh Sharma, Adv., Mr. Nand Kishore, Adv., Ms. Amrita Narayan, Adv., Ms. Anshul Verma, Adv., Ms. Rashi Sureka, Adv., Mr. Sakya Singha Chaudhuri,Adv For Respondent : Mr. Mukul Rohtagi, AG, Mr. P.S. Narsimha, ASG Ms. Vibha Datta Makhija, Adv., Mr. Arijit Prasad, Adv., Mr. Rupesh Kumar, Adv., Ms. Disha Vaish, Adv., Ms. Anisha Mathur, Adv., Mrs. Anil Katiyar, Ad .....

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..... rought to our notice the fact that the appellant which is a statutory corporation has deposit of about ₹ 1,000 crores in the banks as fixed term deposits. Mr. Arvind Datar, learned Senior Counsel appearing for the appellant made a statement that the amount lying in the appellant's seven current bank accounts has been attached on 22nd and 23rd March, 2017 and the amount which has been .....

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..... pproximately already attached by the respondent; (3) The term deposit of ₹ 1000 crores approximately which has been invested by the appellant shall be kept by the appellant in the form of security in favour of the respondents in relation to the disputed amount in question till the disposal of the appeal by the CIT (Appeals); (4) The respondent (Income Tax Department) shall not attach a .....

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