2015 (3) TMI 366

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....el ORDER Mr. Justice S. Ravindra Bhat (Open Court ) 1. Issue notice. 2. Ms.Suruchi Aggawal, Advocate accepts notice on behalf of respondent. 3. The petitioner is aggrieved by a letter issued to the Oriental Bank of Commerce dated 24.02.2015, by which the bank was required under Section 226(3) of the Income Tax Act, 1961 (hereinafter referred "the Act"), to release an amount of Rs. 1....

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....nder Section 220(6). The concerned officer, Deputy Commissioner Income Tax, on 03.02.2015 communicated that, unless 50% of the demand was complied with and the corresponding amount not deposited, even the stay application cannot be entertained. In this ground eventually on the petitioner's failure to deposit the said sum, the impugned order more in the nature of a garnishee order was made requ....

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.....2015 is withdrawn and a suitable letter directing the payment of half the amount is issued at the same time. Consequently, the assessee and the bank would be at liberty to service the petitioner's account to the extent of the balance. The CIT (Appeals) is directed to hear and consider the matter on the merits and render final decision thereon at the earliest preferably in four months from tod....