REPLT TO GIRISH PARMAR
Anil Kumar-Advocate
(Querist) 24 February 2011
This query is : Open
IN ANY CASE BANK CANNOT DISCHARGE HIS FIRST RIGHT OVER THE FD BECAUSE HE HAS EXTENDED LOAN AND FD HAS BEEN LIENED. HOWEVER, IF THE IT DEPT. MOVE TO HIGHER COURTS, THE SITUATION MAY FURTHER IMPROVE.IN THAT CASE IT WOULD BE IMPORTANT TO KNOW THE DATE OF INVESTMENT IN FD AND THE TAX DUE FOR THE YEAR OF ASSESSMENT/FINANCIAL YEAR. PLEASE FURNISH THE SAME.