https://www.taxtmi.com/caselaws?id=436128 The court quashed the notice under section 226(3) of the Income Tax Act, 1961, declaring the petitioner as 'an assessee in default' and seeking attachment of bank accounts for recovery of due amounts. The petitioner, a Multi-State Scheduled Urban Co-operative Bank, challenged the notice and subsequent order. Despite engaging with tax authorities, the petitioner was declared 'an assessee in default.' Ultimately, the court directed the petitioner to remit a specific sum to the tax authorities to resolve the issue, quashing the notices and orders and prohibiting further actions. The ruling was made absolute with no costs. en-us Fri, 31 Mar 2023 00:00:00 +0530 Wed, 05 Apr 2023 08:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436128 The court quashed the notice under section 226(3) of the Income Tax Act, 1961, declaring the petitioner as 'an assessee in default' and seeking attachment of bank accounts for recovery of due amounts. The petitioner, a Multi-State Scheduled Urban Co-operative Bank, challenged the notice and subsequent order. Despite engaging with tax authorities, the petitioner was declared 'an assessee in default.' Ultimately, the court directed the petitioner to remit a specific sum to the tax authorities to resolve the issue, quashing the notices and orders and prohibiting further actions. The ruling was made absolute with no costs. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436128