https://www.taxtmi.com/caselaws?id=36128 The court dismissed both appeals as the guarantee letter and agreement to execute a mortgage were found unenforceable due to lack of consideration. The mortgage executed by the 6th defendant was upheld as valid since there was no intention to defraud the revenue, and parties were not given notice of proceedings declaring the mortgage void. Requests for leave to appeal to the Supreme Court were rejected. en-us Fri, 08 Feb 1980 00:00:00 +0530 Fri, 19 Mar 2010 14:19:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36128 The court dismissed both appeals as the guarantee letter and agreement to execute a mortgage were found unenforceable due to lack of consideration. The mortgage executed by the 6th defendant was upheld as valid since there was no intention to defraud the revenue, and parties were not given notice of proceedings declaring the mortgage void. Requests for leave to appeal to the Supreme Court were rejected. Case-Laws Income Tax Fri, 08 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36128