The Hindu : New Delhi News : Release FDRs, High Court tells Income Tax Department

Online edition of India's National Newspaper
Sunday, Sep 25, 2005

New Delhi

New Delhi

Release FDRs, High Court tells Income Tax Department

Staff Reporter

Department threatened with contempt proceedings if payment is not made within a week

NEW DELHI: The Delhi High Court has directed the Income Tax Department here to release Fixed Deposit Receipts (FDR) amounting to Rs. 12 lakhs to a 76-year-old man who had invested Rs. 3.95 lakhs in Kuber Plantations Limited (since wound up) for marriage of his daughters and grand-daughters between 1995-98.

A Division Bench of the Court comprising Justice B.A. Khan and Justice Madan B. Lokur directed the Deputy Commissioner of the Income Tax Department S. C. Narag to make the payment to the petitioner Balraj Singh within a week, failing which contempt proceedings would be initiated.

The Bench passed the order when Mr. Singh, a retired government servant from Uttar Pradesh, submitted that the Income Tax Department was not releasing his FDRs despite an order by the Delhi State Consumer Disputes Redressal Commission in 2000 with a direction to pay Rs.9.16 lakhs to Mr. Singh.

The FDRs of Mr. Singh form part of a bunch of FDRs seized by the Department during raids at the Kuber Group of Companies in the mid-nineties.

The Bench also directed the Department to pay Rs. 79,000 to the petitioner as costs and compensation.

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