Court held, that the order did not comply with the requirements that had been set out for disposal of stay applications. The order did not deal with the aspects of prima facie case, financial stringency and balance of convenience. The attachment of the bank account was to be lifted forthwith. The assessee was to appear without further notice in this regard and the assessing authority was to reconsider the stay application filed by the assessee in the light of the guidelines set out in circulars and instructions issued by the Central Board of Direct Taxes, as well as the applications under section 154 and pass orders. Till such time, no further recovery proceedings could be initiated. (AY. 2017-18)