1998 (9) TMI 1 - SUPREME COURT

Recovery - Attachment of an immovable property being a residential house of the assessee - contention of the respondents that the Tax Recovery Officer has no power u/r 11 of the Second Schedule to the Income-tax Act, to declare as void a transfer of property effected by the assessee during the pendency of proceedings against him under the Income-tax Act on the ground that the transfer was with the intention to defraud the Revenue, is accepted