HC allows petitioners to operate attached bank accounts after setting apart demand amount in separate FD A/c

Income Tax : Where during pendency of appeal along with stay application, revenue authorities issued notices for recovery and had attached bank accounts of petitioners, as an interim measure given COVID-19 pandemic situation in country, banks of petitioners were to be directed to allow petitioners to operate bank accounts subject to bankers' of petitioner setting aside amount demanded in recovery notice

from http://www.taxmann.com Latest Case Laws https://ift.tt/2VBb2jh