2018 (11) TMI 138

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....IKUNT K. RAVAL, ADVOCATE for MRS KALPANAK RAVAL(1046) ORAL ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. Petitioners are erstwhile partners of respondent no.2 M/ s. Umiya Nagar, a partnership firm. The Assessing Officer has raised tax demands against the firm while framing assessment for the assessment year 201516. The petitioners claim to have retired from the firm on 16.12.2017 an....

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....he facility of installments. We are informed by the counsel for the Revenue that by now, against the 20% tax which comes to approximately Rs. 1.50 crores, the firm has deposited approximately Rs. 53 lakhs. Therefore, there is no default in depositing any of the installments. 2. The grievance of the petitioners is that the departmental authorities have invoked section 188A of the Income Tax Act,....

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....ficient means to repay the tax dues. Without causing such recoveries from them the department was chasing the petitioners. Counsel pointed out that after the department placed two of the bank accounts of the firm under attachment, yet another bank account was opened on 20.08.2018 being account no. 2480141052196 of The Sutex Cooperative Bank Ltd, Salabatpura branch. 4. On the other hand, learned....

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....opments, many of which are not possible to foresee with any clarity at this stage. We can only request the department to be vigilant about enforcing the conditions against the firm. The department would also look into the transactions of the firm in the said account number which is supplied by the petitioners. 6. Subject to above observations, the petition is disposed of at this stage. Further,....