https://www.taxtmi.com/caselaws?id=25720 The court ruled in favor of the petitioner-bank, allowing them to recover dues by selling the property belonging to respondent 6, rejecting the income-tax authorities' attachment for dues of respondent 5. The court upheld the petitioner's rights as a secured creditor with a first charge over the property, emphasizing their right to recover the amount through the sale of the mortgaged property. The court found the Tax Recovery Officer's conclusion regarding respondent 6 being a benamidar unsubstantiated, quashing the attachment and ruling in favor of the petitioner without costs. en-us Tue, 28 Oct 1986 00:00:00 +0530 Sat, 30 Jan 2010 13:51:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25720 The court ruled in favor of the petitioner-bank, allowing them to recover dues by selling the property belonging to respondent 6, rejecting the income-tax authorities' attachment for dues of respondent 5. The court upheld the petitioner's rights as a secured creditor with a first charge over the property, emphasizing their right to recover the amount through the sale of the mortgaged property. The court found the Tax Recovery Officer's conclusion regarding respondent 6 being a benamidar unsubstantiated, quashing the attachment and ruling in favor of the petitioner without costs. Case-Laws Income Tax Tue, 28 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25720