Petitioner was allowed to operate bank accounts attached for recovery subject to setting aside a sum of Rs. 5 lakh

Income Tax: Where during pendency of appeal along with stay application, revenue authorities issued notices for recovery and had attached bank accounts of petitioners, in view of prevailing COVID-19 pandemic in country, interest of justice would be sub-served by directing banks of petitioners to allow petitioners to operate bank accounts subject to bankers' of petitioner setting aside a sum of Rs. 5 lakhs

from http://www.taxmann.com Latest Case Laws https://ift.tt/3cXy4a7