Where High Court by impugned order directed revenue to release lien on remaining fixed deposits only after assessee made a payment of Rs. 1500 crores in cash or gave a letter to bank to remit Rs. 1500 crores to credit of revenue from fixed deposits availableand furnish property security for balance tax liability with interest and penalty, said order was to be modified and requirement of security with respect to penalty was to be dispensed – Cognizant Technology Solutions India (P.) Ltd. v. Assistant Commissioner of Income-tax. – [2024] 158 taxmann.com 429 (SC)
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