2015 (3) TMI 890

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...., Adv. ORDER S. J. Vazifdar, Acting Chief Justice (Oral): The petitioner has challenged the respondents' action, attaching six bank accounts, appropriating the amounts therefrom for its payments of the penalty levied, under the provisions of the Income Tax Act, 1961 (for short, the 'Act'). The petitioner is a Government of Haryana undertaking. It receives grants from the Central Go....

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....he next date of hearing. The same is still pending. The tax dues have already been paid. In addition thereto, pursuant to the attachment of the accounts, an amount of about Rs. 11.27 crores has already been appropriated by the respondents-Department against a demand of Rs. 51 crores towards interest. The petitioner had, thereafter, filed an application for stay on 10.11.2014 before the CIT (Appea....

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....e respondents have been restrained from withdrawing the same, by the interim order passed by this Court on 17.11.2014. To allow the drafts to remain in operation would not enure to the benefit of either of the parties as the interest would stop running from the date on which they have been prepared. The Bank shall, therefore, cancel the drafts and credit the same to the account of the petitioner. ....