Receivership under income-tax law is expanded to cover management of movable and immovable property of an assessee. Section 413 of the Income-tax Act is amended to substitute the earlier clauses in sub-section (1) with a new clause authorising the appointment of a receiver for management of the assessee's movable and immovable properties. The amendment restates the enforcement mechanism by expressly providing for receivership over both types of property under the statutory provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Receivership under income-tax law is expanded to cover management of movable and immovable property of an assessee.
Section 413 of the Income-tax Act is amended to substitute the earlier clauses in sub-section (1) with a new clause authorising the appointment of a receiver for management of the assessee's movable and immovable properties. The amendment restates the enforcement mechanism by expressly providing for receivership over both types of property under the statutory provision.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
