Income Tax Department cannot indefinitely keep the properties attached: Delhi HC Fasttrack Tieup Pvt. Ltd. Versus UOI Case No.: W.P.(C) 15237/2023 and CM APPLs.60975/2023, 17044/2024 Facts: 1. Summit Aviation Pvt. Ltd. had availed financial assistance from Punjab National Bank (PNB) in 2008 for purchasing helicopters. 2. A hypothecation agreement was executed on 12.05.2008, wherein three…
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