https://www.taxtmi.com/caselaws?id=15644 The court granted the appointment of a receiver for the suit property and maintained the injunction against creating third-party rights. It found the oral agreement for sale void under the Income-tax Act due to lack of compliance, preventing specific performance. The defendants were ordered to refund the deposited amount under Section 65 of the Indian Contract Act, retained in the suit account. The court dismissed the plaintiff's motion to withdraw the suit and emphasized that the final decision on the refund and potential prosecution under the Income-tax Act would occur at trial. No costs were awarded. en-us Wed, 03 Dec 1997 00:00:00 +0530 Wed, 26 Aug 2009 16:22:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15644 The court granted the appointment of a receiver for the suit property and maintained the injunction against creating third-party rights. It found the oral agreement for sale void under the Income-tax Act due to lack of compliance, preventing specific performance. The defendants were ordered to refund the deposited amount under Section 65 of the Indian Contract Act, retained in the suit account. The court dismissed the plaintiff's motion to withdraw the suit and emphasized that the final decision on the refund and potential prosecution under the Income-tax Act would occur at trial. No costs were awarded. Case-Laws Income Tax Wed, 03 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15644