Dear Experts,
One of my client did not file his return of income within the time for the assmt. year 2013-14 to 2016-17. being which notice was issued u/s 148 of IT Act. But he has not responded within the time. So, the order was passed u/s 147rws 144 of IT Act on 29.03.2022. Based on this order he has filed an Appeal during september 2022. However, without considering the appeal filed by the assessee, the AO has attached his bank account and his entire business transactions became standstill. Please let me know what steps should I take to release the bank account of my client.
Should I approach the AO or to file a writ petition before high court and get the relief. Please advice me on this.
Client's Bank Account Seized After Ignoring Tax Notices; Urged to File Stay Petition Under Section 148 of IT Act A client failed to file income tax returns for assessment years 2013-14 to 2016-17, resulting in a notice under section 148 of the IT Act. After not responding, an order was passed under section 147 read with section 144 on March 29, 2022. The client appealed in September 2022, but the Assessing Officer (AO) attached the client's bank account, halting business transactions. An expert suggests filing a stay petition with the CIT, NFAC, and approaching the High Court to halt recovery proceedings until the stay petition and appeal are considered, typically within 2-3 months. (AI Summary)