2002 (5) TMI 835

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..... e 26, 2001, the respondents had encashed the bank guarantee furnished by it for an amount of Rs. 5,50,000. It is alleged that the proceedings were wholly arbitrary and no opportunity was given to the petitioner. Oral. 2.. Mr. Salil Sagar appearing for the respondents states that the assessing authority shall examine the matter afresh. The order passed on June 26, 2001 may be deemed to have b .....

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..... e refunded to the petitioner within one week from the date of passing of the order. The petitioner shall be entitled to seek its remedy against the order in accordance with law. A copy of the order passed by the authority shall be supplied to the petitioner alongwith the cheque for refund. 5.. The writ petition is, accordingly disposed of. No costs. 6.. The original files have been returned to .....

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