WHAT TAX DEPT SAYS
■ The assessee did not obtain any stay in respect of the demand raised, says the dept
■ The tax dept said that TravelKhana did not seek a “stay” in respect of the tax demand the former had raised under Section 68 of I-T Act.
■ “Since there was no stay against recovery and the demand had become due, the department recovered ~36 lakh after attaching the bank accounts of the assesse,” its release said.
■ It also said that TravelKhana did not submit the mandatory certification from the department of industrial policy and promotion that would prove its status as a start-up
■ This makes the food start-up ineligble to get the benefit of the December 24 notification that promised that coercive action would not be taken, CBDT said