1988 (3) TMI 26 - HC - Income Tax

Summary

The petitioner sought a writ of mandamus to stop the auction of their property due to pending income tax and interest dues. The court ordered the petitioner to pay outstanding dues by specific dates and provide a bank guarantee for remaining wealth tax dues. The court directed authorities to decide on interest waiver applications within two months. Property sale was halted, but attachment remains until all dues are cleared. The writ petition was finally disposed of with these conditions.