https://www.taxtmi.com/caselaws?id=285475 The High Court quashed the order of attachment of a Cash Credit Account under section 226(3) of the Income Tax Act, 1961, emphasizing the absence of a debtor-creditor relationship with the bank. The Court referred to a Madras High Court judgment emphasizing the need for such a relationship for attachment. Additionally, the Court directed the Appellate Authority to expedite the appeal process under section 220(6) and allowed the petitioner to pay the assessed amount in instalments pending appeal outcome. The writ petition was disposed of with no costs imposed. en-us Tue, 08 Oct 2013 00:00:00 +0530 Tue, 14 Jan 2020 14:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285475 The High Court quashed the order of attachment of a Cash Credit Account under section 226(3) of the Income Tax Act, 1961, emphasizing the absence of a debtor-creditor relationship with the bank. The Court referred to a Madras High Court judgment emphasizing the need for such a relationship for attachment. Additionally, the Court directed the Appellate Authority to expedite the appeal process under section 220(6) and allowed the petitioner to pay the assessed amount in instalments pending appeal outcome. The writ petition was disposed of with no costs imposed. Case-Laws Income Tax Tue, 08 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285475