Time limit for sale of attached immovable property extended; Board may further extend period with reasons recorded. Amendment lengthens the time limit for sale of immovable property attached for recovery of tax, penalty or other sums by revising rule 68B(1) of the Second Schedule to the Income-tax Act and adds a proviso empowering the Board to extend that period for reasons recorded in writing, subject to a further statutory outer limit.
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Time limit for sale of attached immovable property extended; Board may further extend period with reasons recorded.
Amendment lengthens the time limit for sale of immovable property attached for recovery of tax, penalty or other sums by revising rule 68B(1) of the Second Schedule to the Income-tax Act and adds a proviso empowering the Board to extend that period for reasons recorded in writing, subject to a further statutory outer limit.
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