9911796707
TMI Blog1974 (9) TMI 36X X X X Extracts X X X X X X X X Extracts X X X X ..... a sum of Rs. 2,87,388 was the dues payable by Sri Ram Babu Lal as arrears of income-tax. Sri Ram Babu Lal was the managing director of Bijli Cotton Mills Private Ltd. In the course of recovery proceedings an immovable property was attached. On 1st April, 1974, the Bijli Cotton Mills filed an objection that the attached property was exclusively owned by the mills. Sri Ram Babu Lal had no interest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the objector to furnish security, etc., was not called for. This application was dealt with by the Tax Recovery Officer by his order dated 27th April, 1974. He did not accept the case that the circumstances did not warrant the calling forth of the security amount. He held that since the objector had failed to deposit Rs. 2,90,000 or give bank guarantee of the same amount by 25th April, 1974, his ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the order, therefore, does not suffer from any manifest error of law. But in so far as the order dated 6th April, 1974, stated that if the terms are not complied with, the objector will not be entitled to be heard and further in so far as the order dated 27th April, 1974, rejected the objection of the petitioner because he had failed to comply with the terms imposed by the Tax Recovery Officer, t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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