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2017 (7) TMI 211 - HC - Income TaxSeeking release the seized FDRs and unfreeze the bank accounts - Held that:- By now the assessment proceedings in the hands of father and brother both have been carried out by the Assessing Officer. Assessment orders in case of the petitioner, father and brother have all been passed by the Assessing Officer. We are informed that the Assessing Officer has held that the amount in question does not belong to the petitioner but to the father/brother. We are also informed that such assessment orders are challenged by the respective assessees before the Commissioner and such appeals are pending. In view of such developments, it is not possible in the present petition to give any findings of fact as to the source of the FDs and other related issues. We leave it to the appellate Commissioner to examine the issue on the basis of materials on record. We are sure, if request is made for early disposal of such appeal, the Commissioner would consider the same depending on the work load.
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