Court permitted income tax department to withdraw 20% of total tax demand from attached bank account

Noble John Vs CIT (Appeals) (Kerala High Court) Kerala High Court permitted income tax department to withdraw 20% of the total tax demand as a condition for stay. Court also directed to lift the attachment over the bank accounts on receipt of the sum. Facts- This writ petition has been filed challenging order attaching certain bank accounts of the petitioners. The petitioners are Directors of a Private Limited Company named Covenant Stones Private Limited (the Company). Assessment of the Company was completed for the period from 2014-15 to 2019-20 resulting in a demand for a sum of Rs.32,10,37...