Recovery of tax dues - property purchased by the appellant was ...

Bona Fide Purchaser Not Liable for Original Owner's Tax Dues on Attached Property.

August 14, 2018

Case Laws Income Tax HC

Recovery of tax dues - property purchased by the appellant was under attachment - petitioner had no knowledge of such attachment - The petitioner being bonafide purchaser for consideration after due diligence can not be made to suffer on account of the tax dues running in the name of the original owner.

View Source

← Previous Next →

Recovery of tax dues - property purchased by the appellant was ...

Bona Fide Purchaser Not Liable for Original Owner's Tax Dues on Attached Property.

August 14, 2018

Case Laws Income Tax HC

You may also like:

The assessee failed to file the original return of income, and the Assessing Officer initiated penalty proceedings for underreporting income. The assessee's authorized...

Auction Sale of Attached property - Recovery of tax - the petitioner therein contended that he was the bona fide purchaser, since he purchased the property only after...

Recovery of tax dues - Right of auction purchaser of the property - Since the petitioner had purchased in the auction sale conducted by the bank under the provisions of...

Right of Auction Purchaser of property - Recovery of Outstanding dues of Bank and tax dues under the VAT / sales tax act - Priority of claims - Attachment order - The...

The HC held that the petitioner is a bona fide purchaser who acquired the property before the predicate offence was registered. A bona fide purchaser who acquires...

Whether the petitioner bona fide purchaser of the property and that she was not aware of any of the proceedings or arrears of tax payable by the dealer? - it can be...

Provisional Release of seized of vehicle - Vehicle sold by the diplomat in breach of conditions of import - bona fide purchaser - liability of paying the entire...

Sale of mortgaged property for recovery of excise dues - Excise dues are not dues which arise out of land or building. Such liabilities could be in the form of property...

Seeking to remove the encumbrance of the attachment in the petitioner's property - specific case of the petitioner is that the petitioner is a bona fide purchaser of the...

Penalty for non deduction of tax at source - bona fide belief proved - penalty set aside - AT

Attachment of property of related company - some common director - Default/dues on the part of another Company (dealer) - The language of the statute is very clear u/s...

Seeking release of attached property and to restore possession - property of Corporate Debtor who is not a financial establishment as defined under Section 2(e) WBPIDFE...

Legal interpretation of the term "original asset" for claiming exemption u/s 54F of the Income Tax Act. It discusses the ownership rights over the "original asset" by...

Recovery of outstanding tax arrears from the purchaser of the property - The petitioner being a bona fide purchaser who has purchased the subject property in sale...

The HC held that as per the proviso to Section 281, if the transfer is made for adequate consideration and without notice of the tax dues or pending proceedings by the...

Quick Updates: