https://www.taxtmi.com/caselaws?id=198561 The court ruled in favor of the petitioner, a Private Limited Company, in a case challenging the attachment order of immovable property by the Tax Recovery Officer under the Income Tax Act. The court held that once the tax demand was reduced to nil by appellate orders, the attachment could not continue. The Tax Recovery Officer was directed to lift the attachment and return the original documents given as surety within four weeks. This decision emphasized that the purpose of the attachment is to secure the revenue's interest, and once the demand is eliminated, the attachment cannot persist. en-us Wed, 14 Sep 2016 00:00:00 +0530 Sat, 03 Feb 2018 08:12:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198561 The court ruled in favor of the petitioner, a Private Limited Company, in a case challenging the attachment order of immovable property by the Tax Recovery Officer under the Income Tax Act. The court held that once the tax demand was reduced to nil by appellate orders, the attachment could not continue. The Tax Recovery Officer was directed to lift the attachment and return the original documents given as surety within four weeks. This decision emphasized that the purpose of the attachment is to secure the revenue's interest, and once the demand is eliminated, the attachment cannot persist. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198561