2018 (9) TMI 1098

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... : Mr.Niranjan Rajagopalan For the Respondents : Mr.ANR.Jayaprathap Standing Counsel ORDER The petitioner is aggrieved against the order passed by the third respondent dated 07.08.2018, wherein and whereby, nine items of properties were attached by the Tax Recovery Officer-2, Coimbatore -18, by exercising power under Section 222(1) of the Income Tax Act, 1961. 2. Heard Mr.Niranjan Raja....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssing the stay application. This Court, by order dated 13.11.2017, disposed the writ petition by modifying the order passed by the Appellate Authority by permitting the Revenue to encash the fixed deposit of Rs. 95,00,000/- together with interest; directing the petitioner to furnish immovable security worth Rs. 2 crores. It was also made clear in the said order that failure to furnish the second c....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n Rs. 2 crores as per the market value, attaching the other two sets of properties viz., item Nos.8 and 9, is totally unnecessary. Further grievance of the petitioner is that the three items of properties referred to in Serial No.9 viz., Survey Nos.444/2, 444/3 and 444/4 do not belong to the petitioner and on the other hand, the same belong to his daughter and therefore, it cannot be attached. ....