Petitioner Ordered to Pay Tax Arrears: Compliance Deadline, Bank Account Attachment Lifted

The court directed the petitioner to pay Rs. 5,00,000 towards the tax for the assessment year 2010-11 within six weeks, leading to the lifting of the bank account attachment. The remaining tax and penalty were stayed pending the filing of a stay petition within six weeks. The court allowed the withdrawal of the specified amount from the petitioner's bank account for compliance, taking into account the petitioner's financial difficulties and the ongoing appeals.

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Issues:
1. Challenge to notice for payment of tax for assessment years 2009-10 and 2010-11.
2. Impugning the consequential notice of attachment of bank accounts.
3. Dispute over assessment for the year 2009-10.
4. Appeal against the order for assessment year 2010-11.
5. Petitioner's approach to the court due to bank account attachment.
6. Payment made by the petitioner for assessment years 2009-10 and 2010-11.
7. Court's decision on the case.

1. Challenge to Notice for Payment of Tax:
The petitioner contested a notice from the 1st respondent demanding payment of tax for the assessment years 2009-10 and 2010-11 totaling Rs. 62,74,380. The petitioner also challenged the subsequent attachment of bank accounts.

2. Dispute over Assessment for 2009-10:
For the assessment year 2009-10, the petitioner's appeal to the Income Tax Appellate Tribunal was unsuccessful. The petitioner filed a Tax Case Appeal before the High Court against the tribunal's decision, which was pending numbering.

3. Appeal against Order for 2010-11:
Regarding the assessment year 2010-11, the Revenue's appeal against the Commissioner of Income Tax (Appeals) decision was allowed, instructing a reworking of depreciation amount. The petitioner was in the process of filing an appeal against this order.

4. Petitioner's Approach to Court:
Due to the attachment of the petitioner's bank account, they approached the court seeking relief. Simultaneously, a stay petition was filed before the Chief Commissioner of Income Tax, Coimbatore.

5. Payment Made by the Petitioner:
The petitioner had paid Rs. 15,00,000 for the assessment year 2009-10 and was required to pay Rs. 22,91,440 for 2010-11. The court acknowledged the petitioner's financial crisis.

6. Court's Decision:
Considering the pending appeals and the petitioner's financial situation, the court directed the petitioner to pay Rs. 5,00,000 towards the tax for 2010-11 within six weeks. Upon payment, the attachment of bank accounts would be lifted. The remaining tax and penalty would be stayed until a stay petition was filed within six weeks. The court authorized the withdrawal of the specified amount from the petitioner's bank account for compliance.

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