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| The Tax Publishers2020 TaxPub(DT) 1720 (Cal-HC) INCOME TAX ACT, 1961
Section 220
Where revenue initiated recovery measures and attached bank accounts of petitioners during pendency of appeal and stay application before appellate authorities, considering COVID-19 pandemic situation in country, banks of petitioners were directed to allow petitioners to operate bank accounts subject to certain condition of setting aside an amount demanded.
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Recovery - Attachment of bank accounts - Directions issued to bankers to allow operation of bank accounts with conditions after considering COVID-19 pandemic situation -
Petitioners were retired personnel and were aggrieved by order of assessment. Both of them filed individual appeals. During pendency of appeal along with stay application, revenue issued notices for recovery and attached bank accounts of petitioners. Held: In view of prevailing COVID-19 pandemic in country, interest of justice would be subserved by directing banks of petitioners to allow petitioners to operate bank accounts subject to bankers' of petitioner setting aside a sum of Rs. 5 lakhs. Since a sum of Rs. 2 lakhs was already paid by banker of one of aforesaid petitioners to revenue authorities, said petitioner was permitted to operate his bank account.
REFERRED :
FAVOUR : Partly in assessee's favour
A.Y. :
IN THE CALCUTTA HIGH COURT
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