Assessment time-barred u/s 153 due to missing competent-authority reference for Singapore exchange of information; assessment disallowed as barred by ...
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A Co operative Court award operates as a money decree enforceable like a civil decree, rendering the judgment debtor's property liable to attachment and sale; its executory effect could not be collaterally impugned once the order rejecting a belated set aside had become final. Revisionary jurisdiction under the statute is maintainable to examine confirmation of sale despite parallel rule remedies; the revisional forum may annul confirmation. Clauses (g) and (h) of Rule 107(11) impose a mandatory auction deposit regime, and failure to pay the balance within the prescribed period vitiated the sale confirmation. Remedy ordered: sale and confirmation set aside, fresh auction under Rule 107(11)(j), refund of purchaser's deposit with interest, rights to compromise preserved.
A Co operative Court award operates as a money decree enforceable like a civil decree, rendering the judgment debtor's property liable to attachment and sale; its executory effect could not be collaterally impugned once the order rejecting a belated set aside had become final. Revisionary jurisdiction under the statute is maintainable to examine confirmation of sale despite parallel rule remedies; the revisional forum may annul confirmation. Clauses (g) and (h) of Rule 107(11) impose a mandatory auction deposit regime, and failure to pay the balance within the prescribed period vitiated the sale confirmation. Remedy ordered: sale and confirmation set aside, fresh auction under Rule 107(11)(j), refund of purchaser's deposit with interest, rights to compromise preserved.
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