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2004 (8) TMI 96 - HC - Income TaxPetitioners challenge a sale on the ground that the sale was effected beyond time - according to rule 68B of the Income-tax Act, 1961, the order had to be deemed to have come into force from the end of the financial year in which the order giving rise to a demand of any tax, interest, fine, penalty or any other sum had been attached had become conclusive - Rule 68B(1) of the Act as on today lays down the period of three years alone and the notification referred to by the respondents has no effect at all. Therefore, clearly the sale was carried out beyond time and as such is set aside - The writ petition is allowed
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