2026 (8) TMI 1058

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....pos the facts of the case are that, the Respondent No. 3 issued a show-cause notice dated 21.12.2023 under Section 73 of the said Act for the period 2018-2019, on account of certain discrepancies detected in the returns furnished by the petitioner. 3. Thereafter, an order of adjudication dated 31.5.2024 was passed ex-parte under Section 73 of the said Act for the said period. 4. Aggrieved thereby, the petitioner preferred an appeal before the Appellate Authority on 3rd February, 2026. In the meantime, on 15th January, 2026, the respondent authorities initiated garnishee proceedings and recovered an amount of Rs. 11,68,316/- against the total assessed demand of Rs. 59,88,150/-. 5. Learned counsel appearing for the petitioner submits....

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....eby causing prejudice to the interest of the revenue. If the bank accounts are permitted to be operated, the revenue may suffer. 10. A substantial demand has been raised, the balance amount of the assessed demand should be secured until the appeal attains its finality. 11. Having heard the parties and upon perusing the records, this Court is of the view that the petitioner has been able to make out a prima facie case warranting interference at this stage. 12. Accordingly, this Court directs the Appellate Authority to dispose of the appeal of the petitioner as expeditiously as possible, preferably on or before 31st October, 2026, without granting unnecessary adjournments, upon affording opportunity of hearing to the petitioner by pa....