Restrictions on registration of transfers of immovable property in certain cases.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... raised in their pending assessments, alienated their immovable assets before these assessments could be completed and the demands could be actually raised. The ITCC under section 230 A of I.T.Act could not be withheld in such cases, in the absence of any existing liabilities under the income-tax and other direct taxes on the date of filing the application under rule 44A of the Income-tax rules 196 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... with sufficient assets for payment of demands that may arise later or unless in cases requiring detailed investigation there are difficulties in completing the assessments expeditiously first take immediate steps to complete all the pending assessments well before the time-limit of 60 days from the date of the filing of the application by the assessee and raise the demand. The certificate may then .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X