2003 (11) TMI 55

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....July 24/25, 2003, passed by the Commissioner of Income-tax, Delhi XIII, New Delhi, whereby the securities furnished by the petitioner in terms of our order dated March 25, 2003, in C.W.P.No.7030 of 2002 have been rejected. Mr. Bajpai, learned counsel for the petitioner, submits that the Commissioner was not justified in rejecting the same as the securities furnished in the form of immovable pro....

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....earned counsel for the parties, we are of the view that no relief can be granted to the petitioner. The question whether a particular security is sufficient or not is to be determined by the Commissioner, who is obliged to protect the interest of the Revenue. On this aspect this court would not like to intervene in the exercise of power of judicial review. At this juncture, it is submitted by M....