https://www.taxtmi.com/caselaws?id=407609 The court directed the Income Tax Department to lift the attachment on the commercial property by a specified date. The court found that the attachment was disproportionate to the outstanding tax demand, as the value of the attached properties far exceeded the demand. Lifting the attachment on the commercial property would enable the petitioner to pay the tax under the resolution scheme without prejudicing the Income Tax Department, which was already secured by other assets. The petition was allowed, and no costs were awarded. en-us Wed, 24 Mar 2021 00:00:00 +0530 Sat, 15 May 2021 08:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407609 The court directed the Income Tax Department to lift the attachment on the commercial property by a specified date. The court found that the attachment was disproportionate to the outstanding tax demand, as the value of the attached properties far exceeded the demand. Lifting the attachment on the commercial property would enable the petitioner to pay the tax under the resolution scheme without prejudicing the Income Tax Department, which was already secured by other assets. The petition was allowed, and no costs were awarded. Case-Laws Income Tax Wed, 24 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407609