1991 (10) TMI 9 - HC - Income Tax

Summary

The appeals were against an interim order in Writ Petition No. 3545 of 1990. Respondents were owners of a property in Bangalore. Income-tax authorities acquired the property, and the Department paid Rs. 35,50,000 to the appellants. The appellants paid part to their sisters and deposited the rest. The first respondent filed a writ petition, and an interim order required a bank guarantee. The High Court allowed the appeal, modifying the interim order to set aside the requirement for a bank guarantee.