Order to bank to pay 50% of assessee’s huge demand is not justified when appeal is pending before CIT (A)

Issue before court: Whether revenue is right in passing order giving instruction to bank to pay 50% of the demand raised against assessee when appeal against the assessment order was pending before CIT (A). Brief facts: Assessment of the Petitioner for the AY 2011-12 was completed at Rs. 4,39,71,545/-. Whilst doing so the AO added a sum of Rs.3,25,50,000/- under Section 68 of the Act, after holding that the explanation furnished by the assessee was unacceptable. The assessee/writ petitioner preferred an appeal to the CIT (A) on 07.04.2014, which is pending. During the pendency of the appeal...