INCOME TAX : Where bank account of assessee was attached and a notice to that effect was issued under section 226(3) and assessee submitted that pursuant to impugned notice, sum of Rs.34 lakhs had already been recovered by way of appropriation or withdrawal from bank in favour of Income tax Department and that itself was more than 20 per cent of total demand for assessment year concerned, even though impugned attachment notice was under challenge,INCOME TAX : Where bank account of assessee was attached and a notice to that effect was issued under section 226(3) and assessee submitted that pursuant to impugned notice, sum of Rs.34 lakhs had already been recovered by way of appropriation or withdrawal from bank in favour of Income tax Department and that itself was more than 20 per cent of total demand for assessment year concerned, even though impugned attachment notice was under challenge,www.taxmann.com Latest Case LawsRead More
