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High Court Orders Revenue to Refund 85% of Taxpayer's Account Withdrawal, Retain 15% with 8% Interest u/s 221.

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....Recovery proceedings u/s 221 - withdrawing a sizeable sum from such bank account unilaterally - Filing of appeal before CIT(A) without seeking stay - Revenue directed to retain 15% and refund 85% of the amount with 8% interest - HC....

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