bank account attached

[THYAGARAJAN KALYANASUNDARAM]

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 147 rws 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.

AI Summary

Attachment of bank account obstructs business; seek stay petition from tax appellate authority and court relief if necessary.
Attachment of the assessee's bank account occurred after a reassessment order under section 147 read with section 144; the assessee filed an appeal which was not considered before attachment. The recommended steps are to confirm any pre-deposit or stay application, file a stay petition before the appropriate tax appellate authority (CIT/ NFAC) to suspend recovery proceedings, and, if necessary, approach the higher court for interim relief to secure release of the attached bank account pending appeal.