M/S. SIVANANDHA MILLS LTD.,COIMBATORE vs. DCIT, COIMBATORE

In the result, ITA No.2106/Mds/13 is partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

Section 17 of the SARFAESI Act to establish its rights. 5.4 From a reading of the above two judgments , he inferred that the assessee after receipt of SARFAESI notice, without prior consent of the secured creditor, could not have done anything at all to dispose the property. According to the ld. AR, sec.13(13) indicates that the notice under sec.13

SIVANANDHA MILLS LIMITED,COIMBATORE vs. ACIT, COIMBATORE

In the result, ITA No.2106/Mds/13 is partly allowed for statistical purposes