Kamal Verma (Financial advisor) (588 Points)
21 February 2020Dear Experts,
Intimation u/s 143 (1) shows a demand of Rs. 1.25 Lacs (not considering TDS of Rs. 1.25 Lacs), assessee has filed request for correction u/s 154 online. However I. Tax deptt freeze the bank account and deposits of assessee amount in Crores, What should assessee do??
Kapadia Pravin
(17264 Points)
Replied 21 February 2020
Raghav Jhunjhunwala
(51 Points)
Replied 21 February 2020
No A.O. in his right mind directly freeze your bank accounts. He must have served you with a notice for collection of tax arrears and also a notice for show cause for not to initiate recovery proceedings. Please file proper replies with the authority to correct the situation.
Kamal Verma
(Financial advisor)
(588 Points)
Replied 22 February 2020
Assessee had already filed application u/s 154 before 10 days but account is still freeze. How much time taken by authority to rectify the correction.
Raghav Jhunjhunwala
(51 Points)
Replied 22 February 2020
Please contact them personally. If any problem with that, write a mail to jurisdictional Pr. CIT and JCIT with a CC to FinMin
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