Forfeiture auction procedures assigned to Income Tax Chief Commissioners to conduct sales and report promptly to the Board. The Board directs that auctions and disposal of properties forfeited under Section 7 be handled by Chief Commissioners of Income Tax who manage custody and sale under the Chapter XXC pre-emptive purchase provisions; those Chief Commissioners must conduct sales using their existing infrastructure and report each sale to the Board within one month, and the instruction is to be circulated to all regional officers for implementation.
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.
Forfeiture auction procedures assigned to Income Tax Chief Commissioners to conduct sales and report promptly to the Board.
The Board directs that auctions and disposal of properties forfeited under Section 7 be handled by Chief Commissioners of Income Tax who manage custody and sale under the Chapter XXC pre-emptive purchase provisions; those Chief Commissioners must conduct sales using their existing infrastructure and report each sale to the Board within one month, and the instruction is to be circulated to all regional officers for implementation.
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