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Income Tax - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

Auction of property by the Department to recover tax - Income ...

January 12, 2023

Case Laws     Income Tax     HC

Auction of property by the Department to recover tax - Income Tax Department cannot put the entire matter in cold storage and keep the purchaser running from pillar to post to recover the moneies paid by them towards the purchase price along with interest. It is not clear as to why the possession of the property has not been handed over to the purchaser / appellants - Refund of money deposited by the Auction purchaser with interest allowed - HC

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