https://www.taxtmi.com/caselaws?id=21295 A Karnataka High Court note on interim relief under the Income-tax Act, 1961 states that where property had already been taken into possession by the Income-tax Department under section 269UD and the property was said to be worth more than the amount paid by the Department, the property itself could be treated as adequate security for the amount paid. On that footing, requiring the appellants to furnish a bank guarantee was considered unnecessary and the condition was set aside. en-us Mon, 28 Oct 1991 00:00:00 +0530 Sat, 21 Nov 2009 13:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21295 A Karnataka High Court note on interim relief under the Income-tax Act, 1961 states that where property had already been taken into possession by the Income-tax Department under section 269UD and the property was said to be worth more than the amount paid by the Department, the property itself could be treated as adequate security for the amount paid. On that footing, requiring the appellants to furnish a bank guarantee was considered unnecessary and the condition was set aside. Case-Laws Income Tax Mon, 28 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21295