https://www.taxtmi.com/caselaws?id=10684 The court dismissed the Revenue's appeal and application, upholding the release of seized RBI Relief Bonds to the assessee during the appeal before the Income-tax Appellate Tribunal. The court emphasized that the retention of the bonds was unjustified after the block assessment was set aside, as there was no existing tax liability. The judgment highlighted the Tribunal's power to grant stays to prevent appeals from becoming ineffective, and extended the time for compliance with the release order until October 31, 2004. en-us Fri, 01 Oct 2004 00:00:00 +0530 Tue, 21 Jul 2009 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10684 The court dismissed the Revenue's appeal and application, upholding the release of seized RBI Relief Bonds to the assessee during the appeal before the Income-tax Appellate Tribunal. The court emphasized that the retention of the bonds was unjustified after the block assessment was set aside, as there was no existing tax liability. The judgment highlighted the Tribunal's power to grant stays to prevent appeals from becoming ineffective, and extended the time for compliance with the release order until October 31, 2004. Case-Laws Income Tax Fri, 01 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10684