https://www.taxtmi.com/caselaws?id=14740 A completed recovery sale in favour of a stranger auction purchaser was treated as remaining valid despite later reduction or cancellation of the underlying tax demand, particularly where the assessee did not invoke the prescribed statutory remedies to set aside the sale in time. The challenge based on alleged non-service of demand notices failed because the objection was not clearly raised before the recovery authorities and was brought only after a long delay. The combined sale proclamation covering recovery certificates against the assessee and the firm was held not to create any material illegality. The limitation rule was also held inapplicable retrospectively to a sale completed before its insertion. en-us Tue, 11 Jan 2000 00:00:00 +0530 Sat, 18 Jul 2009 13:09:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14740 A completed recovery sale in favour of a stranger auction purchaser was treated as remaining valid despite later reduction or cancellation of the underlying tax demand, particularly where the assessee did not invoke the prescribed statutory remedies to set aside the sale in time. The challenge based on alleged non-service of demand notices failed because the objection was not clearly raised before the recovery authorities and was brought only after a long delay. The combined sale proclamation covering recovery certificates against the assessee and the firm was held not to create any material illegality. The limitation rule was also held inapplicable retrospectively to a sale completed before its insertion. Case-Laws Income Tax Tue, 11 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14740