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IT Dept Need Not Intimate Assessee Before Attaching Amount held in Bank Account

A division bench of the Delhi High Court in GECAS Services India Pvt. Ltd v. ITO & Ors, held that prior intimation need not be given to the Assssee by the Income Tax department before attaching the amount held in Bank Account when assesse has not responded to the demand notice sent under section 156 of the Income Tax Act.

Assessee, a wholly-owned subsidiary of the GE Group, is engaged in the business of providing marketing support, liaising and administrative services in connection with leasing of aircrafts in India to its parent company. The department completed assessment against the assesse under section 143(3) of the Act against which an appeal is pending before the first appellate authority.

Article referred:http://www.taxscan.in/dept-need-not-intimate-assessee-attaching-amount-held-bank-account-delhi-hc/9404/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Taxscan+%28Top+Stories+%E2%80%93+Taxscan+%7C+Simplifying+Tax+Laws%29

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