2007 (4) TMI 285

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....bsp;               21,961,047                             ----------                             87,483,933 (-) Amount already paid     45,601,113                             ---------- Amount outstanding        &nb....

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.... 8(3) has already recovered the money to the extent of Rs. 2.68 crores. The learned Departmental Representative pointed out that this was voluntary payment by the assessee in order to enable the Assessing Officer to lift the attachment on the bank account and help the assessee to do the business transactions through the bank. The Tribunal felt that the revenue has exceeded its jurisdiction and wanted to personally hear the Assessing Officer who recovered the money and, accordingly, announced absolute stay in the matter with a direction to the Departmental Representative to appear along with Shri S.A.R. Shaikh, the ACIT on 2-4-2007. 3. On 2-4-2007, the learned Departmental Representative appeared along with Shri S.A.R. Shaikh, the ACIT an....