Case Law Details
Case Name : DIT Vs Maharashtra Housing & Area Development Authority (Bombay High Court)
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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Contention of the Assessee :- The action of the petitioner revenue in not only attaching the petitioner’s bank account but also withdrawing the amount of Rs.159.84 crores on 18 November 2013 when the stay application was already fixed for hearing before the Tribunal on 22 November 2013 was only done with a malafide intent to foreclose respondent No.2 from obtaining any stay from the Tribunal. Besides rendering nugatory the powers of the Tribunal in terms of proviso to Section 254(2A) of the Act to grant stay in respect of any proceeding relating to an appeal filed Court before it. The ac...
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but did court provide any remedy to the assessee.??
What will happen to the 159 crores rs illegaly withdrawn from the bank a/c pf the assessee.??
Will he get beack the money, pending appeal or it will be with treasury only.?