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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Recovery proceedings - Whether notice for recovery, as ...


Debtor Must Promptly Object to Recovery Notice u/r 2 to Avoid Delays and Potential Buyer Withdrawal.

September 9, 2015

Case Laws     Income Tax     HC

Recovery proceedings - Whether notice for recovery, as contemplated by Rule 2 was served upon the debtor ? - They must raise objections at the earliest possible opportunity & can not take recourse to any roving tactics to indefinitely delay recovery forcing the buyer to back out. - HC

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