https://www.taxtmi.com/circulars?id=8930 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. en-us Sat, 25 Nov 1972 00:00:00 +0530 Tue, 31 May 2011 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8930 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. Circulars Income Tax Sat, 25 Nov 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8930