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2014 (8) TMI 122 - HC - Income TaxNotice u/s 133(6) – requiring Sub Registrars to furnish information in respect of transactions relating to immovable property of a value between ₹ 5,00,000/- and ₹ 30,00,000/- – Held that:- A meeting had taken place when both the Income Tax Department as well as the registering authorities of the State had agreed to work together to resolve the dispute – the Court directed the Chief Commissioner of Income Tax, Lucknow and the Inspector General (Stamps and Registration) to hold a further meeting so that the Court could be apprised whether the dispute has been resolved - the dispute has been resolved at the meeting which was held on 17 July 2014. The meeting concluded with the resolution that the SROs shall provide the information called for by the Income Tax Department, as agreed above. However, this shall be without prejudice to the legality of applicability of penal provisions for non-furnishing of information u/s 133(6) in the case of SROs. Thus, the position has been agreed between the Registering Department of the State and the Income Tax Department of the Union Government, no further directions are sought in these proceedings.
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