TMI Blog2016 (12) TMI 1003X X X X Extracts X X X X X X X X Extracts X X X X ..... the fact that the residential house of the petitioner is intended to be sold by the Income Tax Department for recovery of the said dues and the market value of the said residential house is stated to be much more than the demand in question, it is directed by disposing of the present writ petition itself that if the petitioner – assessee deposits 50% of the disputed demand, i.e. ₹ 1,46,58,1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... allenging the said demand are pending before any other Appellate Authority or Court. However, since a proclamation of sale of the residential house of the present petitioner has been issued by the Respondent Tax Recovery Officer (TRO) under Sections 222 and 223 of the Income Tax Act, 1961, seeking to recover a sum of ₹ 1,46,58,192/- vide Proclamation of Sale, Annexure B dated 20/10/2016 an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntial house of the petitioner is intended to be sold by the Income Tax Department for recovery of the said dues and the market value of the said residential house is stated to be much more than the demand in question, it is directed by disposing of the present writ petition itself that if the petitioner assessee deposits 50% of the disputed demand, i.e. Rs.1,46,58,192/-, i.e. ₹ 75.00 lakh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erest from the petitioner assessee, in accordance with law; iii] If the entire amount is paid as aforesaid, the concerned Respondent Tax Recovery Officer Assessing Authority shall make appropriate orders on the representation of the petitioner, releasing the said residential property from attachment, in accordance with law. 4. With these observations, the writ petition stands disposed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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