Stay of demand - attachments placed on the petitioner's bank ...

Court Lifts Bank Account Attachments After Taxpayer Pays Required 30% of Liability, Exceeding Stay Threshold.

January 4, 2024

Case Laws Income Tax HC

Stay of demand - attachments placed on the petitioner's bank accounts in relation to the outstanding demand - Department had already collected around 30% of the tax liability. In terms of the provisions of the Act, if 20% of the tax liability is paid to the Department, the Assessee will be automatically entitled for stay of recovery proceedings, which were initiated against him. - Attachment order vacated - HC

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Stay of demand - attachments placed on the petitioner's bank ...

Court Lifts Bank Account Attachments After Taxpayer Pays Required 30% of Liability, Exceeding Stay Threshold.

January 4, 2024

Case Laws Income Tax HC

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