Section 80-IAB — the law in short
What the courts have decided on section 80-IAB, in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.
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Madhya Pradesh Audyogik Kendra Vikas Nigam Ltd v DCIT
High CourtHelps departmentValidity unconfirmed
The department has attached my bank account under s.226(3) because I did not pay the 20%. I say I have already paid more than that. Will the High Court interfere?
Not if the payment you point to was self-assessment tax paid against your own returned income, and not against the assessment demand. The Court upheld the garnishee notice to the bank: the assessee was obliged under the CBDT circulars to pay 20% of the outstanding demand, it had not done so, and the department was therefore justified in proceeding under s.226(3).
Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.