https://www.taxtmi.com/caselaws?id=426221 The High Court stayed the garnishee order under the Income Tax Act, directing ICBC Bank of China to remit funds to the revenue. The petitioner's request for a stay of recovery proceedings was rejected, leading to a review application. The Court interpreted 'review' as akin to revisional power and stayed the garnishee order pending the Principal Commissioner's decision. If adverse, the order's effect would be stayed for a week. The judgment highlights the Court's role in ensuring due process and the right to seek review of tax decisions, balancing the interests of revenue authorities and petitioners for procedural fairness. en-us Mon, 08 Aug 2022 00:00:00 +0530 Wed, 10 Aug 2022 09:29:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426221 The High Court stayed the garnishee order under the Income Tax Act, directing ICBC Bank of China to remit funds to the revenue. The petitioner's request for a stay of recovery proceedings was rejected, leading to a review application. The Court interpreted 'review' as akin to revisional power and stayed the garnishee order pending the Principal Commissioner's decision. If adverse, the order's effect would be stayed for a week. The judgment highlights the Court's role in ensuring due process and the right to seek review of tax decisions, balancing the interests of revenue authorities and petitioners for procedural fairness. Case-Laws Income Tax Mon, 08 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426221