Income Tax - Baba Ramdev's Patanjali Yogpeeth asked to deposit Rs. 2.10 Crores
PATANJALI Yogpeeth was issued a demand of Rs.34,68,87,165/- for the assessment year 2009-10. The Stay application was rejected by the Assessing Officer, by virtue of his order, dated 02.11.2012.
By an order 14.12.2012, the Director of Income Tax directed the TRUST to pay a sum of Rs.15 crores in instalments. The first instalment of Rs.2.25 crores was to be paid by 07.01.2013 and the balance amount of Rs 12.75 crores was to be paid in 17 equal instalments of Rs.0.75 crores each every month commencing from January, 2013 onwards.
Since the petitioner had not paid the first instalment of Rs. 2.25 crores by the due date, 11 bank accounts of the petitioner were attached by virtue of the order dated 14.01.2013.
The Petitioner Trust is before the High Court.
The High Court noted that the petitioner has already filed an appeal which is pending before the Commissioner of Income Tax (Appeals).
The High Court directed that:
1. Commissioner of Income Tax (Appeals) may dispose of the appeal by 31.03.2013.
2. Attachment Order be lifted
3. Petitioner to pay a sum of Rs. 2.10 Crores by 15.03.2013.