2002 (8) TMI 63

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..... the respondents. The contention of the writ petitioner is that the entire amount due has been paid by the petitioner pursuant to the order passed by the Settlement Commission and no further amount is due and payable. The writ petitioner has made an application on June 21, 2001, under section 132B(3) of the Income-tax Act, 1961, before the Chief Commissioner of Income-tax, respondent No. 2, but t .....

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..... n paid under such circumstances we are of the view that the assets should have been released. The respondents have unnecessarily retained the assets as a result whereof the petitioner suffered. Be that as it may we are of the view that unless it can be shown that any further amount is due from the writ petitioner the assets are to be released forthwith within two weeks. The writ petition and t .....

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