Madras HC Directs IT Department to Resolve Appeal on Bank Account Attachment

CRC Limited Employees Gratuity Fund Vs PCIT (Madras High Court) The Madras High Court addressed a writ petition filed by CRC Limited Employees Gratuity Fund challenging an order dated December 31, 2024, which attached their bank account. The attachment was issued by the second respondent under Section 226(3) of the Income Tax Act, 1961. This action occurred while the Fund’s appeal against an assessment order for the Assessment Year 2022-2023 was pending before the third respondent. The Fund had initially filed a ‘Nil’ income tax return, which was accepted under Section 143(1)...