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TMI Blog2017 (10) TMI 1099X X X X Extracts X X X X X X X X Extracts X X X X ..... oner should be allowed to operate at least one. It is pointed out by Mr. Syali, the learned Senior Counsel appearing for the Petitioner, that the only account where the Petitioner has a cash credit facility is its Account No. 01812100000354 with Kotak Mahindra Bank Limited, Sector 18 Branch, Noida. It is accordingly directed that the Petitioner will be forthwith permitted to operate the Acco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CM APPL. 37152/2017 (stay) 1. The prayer in this application is for the lifting of the attachment of one of the three bank accounts of the Petitioner that have been frozen to recover the disputed amount of ₹ 12,73,45,161/- for Assessment Year ( AY ) 2013- 14. It is prayed that at least one of the Accounts should be de-frozen to enable the Petitioner to carry out its day-to-day busine ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cide whether the said tax would be recovered from SFAL or the Petitioner. 3. It is in the above context that the Petitioner has also, on its own, deposited a further 15% of the demand for AY 2013-14 in the sum of ₹ 77,81,680/- on 16th September 2016. It has also paid, on the same date, a sum of ₹ 1,22,18,320/- towards tax for AY 2014-15 although the tax demand for the said AY has tu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ourt is of the view that of the three bank accounts of the Petitioner that remain frozen, the Petitioner should be allowed to operate at least one. 6. It is pointed out by Mr. Syali, the learned Senior Counsel appearing for the Petitioner, that the only account where the Petitioner has a cash credit facility is its Account No. 01812100000354 with Kotak Mahindra Bank Limited, Sector 18 Branch, N ..... X X X X Extracts X X X X X X X X Extracts X X X X
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