https://www.taxtmi.com/caselaws?id=257956 The Division Bench ruled in favor of the petitioner, a Government of Haryana undertaking, in a case challenging the attachment of its bank accounts for penalty payment under the Income Tax Act, 1961. The Court directed the Department to cancel drafts prepared for payment, refund the appropriated amount, and refrain from coercive action on the penalty demand until the appeal decision by the CIT (Appeals). The petitioner's request for stay on the penalty payment was supported by the Court, emphasizing the need for a quick decision on the appeal proceedings. en-us Mon, 09 Mar 2015 00:00:00 +0530 Fri, 27 Mar 2015 08:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257956 The Division Bench ruled in favor of the petitioner, a Government of Haryana undertaking, in a case challenging the attachment of its bank accounts for penalty payment under the Income Tax Act, 1961. The Court directed the Department to cancel drafts prepared for payment, refund the appropriated amount, and refrain from coercive action on the penalty demand until the appeal decision by the CIT (Appeals). The petitioner's request for stay on the penalty payment was supported by the Court, emphasizing the need for a quick decision on the appeal proceedings. Case-Laws Income Tax Mon, 09 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257956