https://www.taxtmi.com/caselaws?id=357828 The petition challenging the rejection of the stay application following penalty proceedings was successful as the court found the condition imposed by the Revenue to be contrary to established court decisions. The premature initiation of coercive proceedings by the Revenue before the appeal time had lapsed was deemed improper, leading to the directive for re-service to the Commissioner for reconsideration. The unauthorized attachment and withdrawal of funds from the petitioner's bank accounts without notice were rectified by ordering the Revenue to deposit the withdrawn amounts back into the accounts promptly, emphasizing the importance of providing reasonable notice before such actions. en-us Wed, 28 Mar 2018 00:00:00 +0530 Fri, 30 Mar 2018 08:20:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357828 The petition challenging the rejection of the stay application following penalty proceedings was successful as the court found the condition imposed by the Revenue to be contrary to established court decisions. The premature initiation of coercive proceedings by the Revenue before the appeal time had lapsed was deemed improper, leading to the directive for re-service to the Commissioner for reconsideration. The unauthorized attachment and withdrawal of funds from the petitioner's bank accounts without notice were rectified by ordering the Revenue to deposit the withdrawn amounts back into the accounts promptly, emphasizing the importance of providing reasonable notice before such actions. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357828