2025 (7) TMI 678

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ra, Advocate. For the Respondents Through: Mr Anurag Ojha, SSC, Ms Hemlata Rawat, and Mr V K Saksena, JSCs, Mr Dipak Raj and Mr Shubham Kumar, Advocates. Mr Siddhartha Shankar Ray, CGSC and Ms Smritika Kesri, Advocate for R4. ORDER PER 1. The petitioner has filed the present petition, inter alia, praying that directions be issued for stay the demand of Rs. 61,65,63,033/- in respect of the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... recovered an amount of Rs. 3,63,81,798/-, by adjusting the refund due to the petitioner for the subsequent years. The said amount is approximately six percent of the outstanding demand. 4. The petitioner is essentially aggrieved by the action of the Revenue in freezing its bank account. The said action has brought the petitioner's business to a standstill and it is in these facts, the petition....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r would be at liberty to operate the bank account; however, the current balance shall not be withdrawn until the disposal of the appeal by the CIT(A). In other words, the petitioner would be entitled to deposit further sums in the bank account and may withdraw those amounts for the purpose of its business. However, no amount from the existing balance in the bank account shall be withdrawn till the....