2020 (10) TMI 193

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..... 47 of 2020 - -
Income Tax
Recovery proceedings initiated by way attachment of bank account - HELD THAT:- The petitioner has rightly challenged the impugned orders of assessment by way of statutory appal before the CIT (Appeals) as early as in March, 2020. Inter alia, an application for stay as well as an application for rectification of mistakes u/s 154 are also stated to have been filed. Al .....

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..... Mr.Vijayragavan, learned counsel for the petitioner and Mrs.Hema Muralikrishnan, leraned Senior Standing Counsel. 2. The challenge in W.P.No.12323 of 2020 is to an order of assessment for the assessment year (AY) 2017-18 passed under the provisions of the Income Tax Act, 1961 (in short 'Act') in and to coercive recovery proceedings initiated by way attachment of bank account in the other three wr .....

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..... ry appellate remedy, I am not inclined to interfere in the order of assessment and all grounds and issues are left open to be agitated in appeal. 6. The respondent Assessing Officer has, pending stay application before the Assessing Officer, not only attached the bank account but has also recovered some portion of the disputed demand. 7. To balance of interest of both parties the following direc .....

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