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1996 (2) TMI 108 - HC - Income Tax

The petitioner, daughter of late Dr. K. George Thomas, seeks direction for payment from the Income-tax Department for land ownership claim. Court directs 20% of sale proceeds to be deposited in a nationalized bank in the name of the Commissioner of Income-tax, Trivandrum. If ownership is proven, petitioner to receive value of land and accrued interest. Any remaining amount to be used towards tax due. Department to make up any shortfall in value within four weeks. 20% of sale consideration to be deposited in State Bank of India, Kottayam Branch, for six months. Case disposed with above directions.

 

 

 

 

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