Demand u/s 156

This discussion addresses a scenario where an LLP received a demand notice under Section 156 after a best judgement assessment, with Section 68 also invoked. The LLP had ceased operations due to partner disputes and failed to file Income Tax Returns. The core question is whether the Income Tax Department can seize the personal bank accounts or properties of the LLP's partners. The advice given suggests that if an appeal hasn't been filed and a stay obtained, the department has recovery rights, including attaching partners' assets.