1997 (3) TMI 56 - HC - Income Tax

Advance Tax, Application For Rectification, Assessment Year, Failure To File Estimate, Penal Interest

Summary

The High Court of Gujarat disposed of the matter, quashing the notice for settlement of sale proclamation dated February 4, 1997. The petitioner's properties cannot be auctioned based on the proclamation dated March 12, 1997, as the earlier notice had already been issued. The authorities can proceed after settling the proclamation as per the notice issued earlier. The petitioner's application for waiver of interest should be decided before the auction. No costs were awarded.