Involuntary sale exemption from urban land transfer restrictions allows tax recovery auctions before state vesting. Transfer restrictions in the Urban Land (Ceiling and Regulation) Act do not apply to involuntary sales by a Tax Recovery Officer under the Second Schedule of the Income-tax Act, 1961, so sections 26 and 27 permissions or notices are unnecessary; however, the sale and delivery of possession must occur before a section 10(3) notification vests the land in the State, after which the property cannot be auctioned in a recovery proceeding.
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.
Involuntary sale exemption from urban land transfer restrictions allows tax recovery auctions before state vesting.
Transfer restrictions in the Urban Land (Ceiling and Regulation) Act do not apply to involuntary sales by a Tax Recovery Officer under the Second Schedule of the Income-tax Act, 1961, so sections 26 and 27 permissions or notices are unnecessary; however, the sale and delivery of possession must occur before a section 10(3) notification vests the land in the State, after which the property cannot be auctioned in a recovery proceeding.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
