Recovery Proceedings even after Stay by Tribunal - ITAT awards Costs
AN overzealous Income Tax officer attached the bank accounts of a co-operative society, in spite of a stay by the Tribunal. He had to meet his Revenue targets!.
The ITAT observed, “the events in the present case are sufficient to make us of the belief that the appellant a Credit Co-operative Society dealing only with its members has been unnecessarily subjected to the harassment caused by the actions of the authorities below which were not warranted under the facts and circumstances of the present case.”
So, the Tribunal awarded a cost of Rs. 5000/- to be paid to the appellant Credit Society.