Hi All,
Here is the case in brief :
1. In Dec 2010, the AO framed a high tax demand of Rs. 8 lacs + and then attached my bank a/c in March withdrawing Rs.8 lacs
2. We had applied before the CIT(Admin) ( hoping for a faster redressal than Appeals). The CIT ( admin) after hearing our side and getting report from AO ( the new one, the earlier one got transferred) decided the case in our favour. He wrote ( and I quote) " Against the above backdrop, I hereby set aside the assessment order dated 27.12.2010 with the direction to the AO to reframe the assessment de novo in the light of the observations made in the preceding paragraphs. It is needless to say that while doing so the AO will afford a reasonable oppurtunity of being heard by the assessee. "
The CIT had made a few ( three to be exact) observations regarding the points which needs to be covered by the AO. Now the AO has sent us a reassessment notice covering 40 points of which a majority have already been completed and some are quite flimsy ( like bonus paid to employees).
Despite notices to the AO and alla concerned, nobody has bothered to give our money back.
In my understanding,
1. In order to start a de novo assessment, we should first get our seized money back, right ?
2. Can the AO go outside the points which have been marked by the CIT ?
We are planning to move the high court in this regard. Can we approach any other authority ?
Any advice is welcome
rgds
Sanny