https://www.taxtmi.com/caselaws?id=379967 The High Court set aside the order of assessment and coercive recovery proceedings by the Income Tax Department due to premature action. The Court directed the assessing authority to release the attachments on the petitioner's bank accounts and Fixed Deposits, noting improper consideration and the pending stay application before the Commissioner of Income Tax (Appeals). The Court instructed the petitioner to attend a hearing before the CIT (A) for the stay application decision within two weeks, maintaining the status quo on recovery until then. en-us Fri, 15 Mar 2019 00:00:00 +0530 Fri, 10 May 2019 08:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379967 The High Court set aside the order of assessment and coercive recovery proceedings by the Income Tax Department due to premature action. The Court directed the assessing authority to release the attachments on the petitioner's bank accounts and Fixed Deposits, noting improper consideration and the pending stay application before the Commissioner of Income Tax (Appeals). The Court instructed the petitioner to attend a hearing before the CIT (A) for the stay application decision within two weeks, maintaining the status quo on recovery until then. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379967