Deamnd u/s 221 issued by Assessing Officer.
This query is : Resolved
31 January 2009
The Assessing Officer issued a Demand of Rs. 1.02 Crore u/s 221 (1) on 23.08.08.
The Assessee spontenously filled an Appeal with The Commissioner Appeal.
However, the Assessing officer is insisting on Seizure of Bank Account of the Assessee for the recoveries.
Is the contention of the Assessing officer regarding the recovery correct despite the procedings of Appeal still being incomplete?
Is there any remedy for the Assessee regarding deposition of Rs. 1.2 crore as per demand issued by the Assessing Officer?
The Assessee spontenously filled an Appeal with The Commissioner Appeal.
However, the Assessing officer is insisting on Seizure of Bank Account of the Assessee for the recoveries.
Is the contention of the Assessing officer regarding the recovery correct despite the procedings of Appeal still being incomplete?
Is there any remedy for the Assessee regarding deposition of Rs. 1.2 crore as per demand issued by the Assessing Officer?
31 January 2009
The assessee can requests for stay of demand U/s 220 (6) when the demand is disputed in first appeal.
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31 January 2009
Pl file a stay petition before the CIT(Appeals). Also file an interlocutory petition seeking to take up the stay petition out of turn.If you get a stay from CIT (Appeals) well and good otherwise move a writ and OP before the High Court.
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01 February 2009
Thanks for the reply Sirs.
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