Law: Income Tax Rules, 1982

Section: Rr.117&165

Law: Income Tax Ordinance, 1979

Section: 134

Income Tax Rules, 1982-----Rr.117 & 165---Income Tax Ordinance (XXXIX of 1979), S. 134--Application for grant of stay of recovery proceedings---Department had attached properties of the assessee and had frozen its bank account ---Assessee undertook not to dispose of his properties which had already been attached by the department and prayed that till the disposal of its appeal the department may be restrained from auctioning the properties, arresting the assessee and its bank account may be released so that it may continue with the business by taking overdraft from the bank---Income Tax Appellate Tribunal while disposing of the application for stay directed that the properties attached by the department should continue to be attached but should not be auctioned or sold till the disposal of appeals; assessee should not be arrested and the bank account of assessee should stand released so that the assessee might continue with its business activities. ORDER MUHAMMAD MUJIBULLAH SIDDIQUI (JUDICIAL MEMBER).--By above application the applicant has sought stay of recovery of proceedings. 2. Heard Mr. Muhammad Farogh Nasim, learned counsel for the applicant and Mr. Ali Nasir Bukhari, learned representative for the Department. Mr. Farogh Nasim has submitted that a total demand of Rs.17,34,915 was created in the assessment year 1986-87 out of which there is an outstanding demand of Rs.05,97,954 while in the assessment year 1988-89 the total demand was created at Rs.10;95,329 out of which the demand outstanding at present is Rs.8,49,685. He has submitted that the department has attached three properties of the applicant as follows: (1) Residential House No. 26/C,…

Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in /home/digixyei/sldsystempk.com/view/master-layout/view_case.php on line 492