https://www.taxtmi.com/caselaws?id=378536 The court allowed the petitioner to offer properties worth more than Rs. 9.33 crores as security for a tax demand of Rs. 9,33,16,434, with a provision to deposit cash as security. The petitioner was granted permission to present unencumbered properties to the Principal Commissioner, Income Tax, Chennai, for assessment. If approved, the attachment on other properties would be lifted, enabling the petitioner to liquidate assets to meet the tax obligation. Further proceedings were scheduled for April 9, 2019, to monitor case progress. en-us Fri, 15 Mar 2019 00:00:00 +0530 Wed, 17 Apr 2019 16:41:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378536 The court allowed the petitioner to offer properties worth more than Rs. 9.33 crores as security for a tax demand of Rs. 9,33,16,434, with a provision to deposit cash as security. The petitioner was granted permission to present unencumbered properties to the Principal Commissioner, Income Tax, Chennai, for assessment. If approved, the attachment on other properties would be lifted, enabling the petitioner to liquidate assets to meet the tax obligation. Further proceedings were scheduled for April 9, 2019, to monitor case progress. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378536