SIGH OF RELIEF! ITAT TEMPORARILY RELEASES ACCOUNTS

In a temporary relief to the Congress party, the Income Tax Appellate Tribunal (ITAT) on Friday permitted the operation of its frozen bank accounts with a lien imposed by the Income Tax department.

- ASHISH SINHA

Rajya Sabha MP and advocate Vivek Tankha, representing the Congress before the ITAT bench in Delhi, expressed gratitude for what he termed as a "gracious hearing". 

Tankha elucidated that the ITAT emphasized the absence of any restriction on the bank accounts, clarifying that only a lien was placed.

"Very graciously, the ITAT has said that there will be only a lien on the bank account.