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1996 (2) TMI 96 - HC - Income TaxExtract: .......lakhs. Of course the Department can realise income-tax dues against the petitioner having recourse to Schedule II of the Income-tax Act, but it is not justified in demanding bank guarantee of Rs. 20 lakhs. Hence the assessment order is arbitrary, illegal and is hereby set aside. The writ petition is allowed. The petitioner s goods will be released.
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