https://www.taxtmi.com/caselaws?id=448100 The SC modified the HC order, allowing the Union to encash Rs. 2,956 Crores, comprising cash and FDRs, with a commitment to refund the amount plus interest within four weeks if the petitioner's appeals succeed. The requirement for penalty security was waived. The SC urged the HC to expedite the appeal's resolution within six weeks. The SLP was disposed of, and all pending applications were resolved. en-us Mon, 08 Jan 2024 00:00:00 +0530 Thu, 28 May 2026 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448100 The SC modified the HC order, allowing the Union to encash Rs. 2,956 Crores, comprising cash and FDRs, with a commitment to refund the amount plus interest within four weeks if the petitioner's appeals succeed. The requirement for penalty security was waived. The SC urged the HC to expedite the appeal's resolution within six weeks. The SLP was disposed of, and all pending applications were resolved. Case-Laws Income Tax Mon, 08 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448100