Existing tax liability can bar property registration unless provision for estimated tax is secured by the vendor. Section 230A's notion of existing liability includes tax liabilities that have accrued under a chargeable provision though not yet quantified by ... Summary
Existing tax liability can bar property registration unless provision for estimated tax is secured by the vendor.
Section 230A's notion of existing liability includes tax liabilities that have accrued under a chargeable provision though not yet quantified by assessment. Assessing officers may estimate such liabilities (for example pending wealth tax proceedings) and refuse or condition issuance of the certificate required for registration of immovable property unless the vendor makes satisfactory provision for payment, particularly where no other assets remain to meet the liability.
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