Madras HC Keeps Bank Recovery in Abeyance Pending Disposal of Stay Petition

Balsingh Rajkumar Balsingh Vs DCIT (Madras High Court) Madras High Court Keeps Recovery in Abeyance Pending Appeal & Rectification – Relief to Assessee on Bank Attachment u/s 226(3) Petitioner filed two writ petitions challenging bank account attachment notices u/s 226(3) issued by the Income-tax Department for A.Ys. 2021-22 & 2022-23. The attachments were made following assessment orders dated 19.03.2024 & 16.03.2024, respectively, and were directed to multiple banks — HDFC & State Bank of India – as well as the Petitioner’s client, Golden Homes Pvt. Ltd., to recov...