https://www.taxtmi.com/caselaws?id=375967 Interim stay of an auction of attached properties was granted where the recovery action appeared prima facie to be time-barred under Rule 68B of the Second Schedule to the Income-tax Act. The petitioners argued that the auction could not proceed because the recovery proceedings were initiated after the prescribed limitation period had expired. The department contended that limitation should run only from the later computation and demand of interest, but that contention was not accepted at the ad interim stage. The court noted that the proceedings appeared to relate to earlier assessment years and had been taken up after several years. en-us Thu, 21 Feb 2019 00:00:00 +0530 Wed, 27 Feb 2019 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375967 Interim stay of an auction of attached properties was granted where the recovery action appeared prima facie to be time-barred under Rule 68B of the Second Schedule to the Income-tax Act. The petitioners argued that the auction could not proceed because the recovery proceedings were initiated after the prescribed limitation period had expired. The department contended that limitation should run only from the later computation and demand of interest, but that contention was not accepted at the ad interim stage. The court noted that the proceedings appeared to relate to earlier assessment years and had been taken up after several years. Case-Laws Income Tax Thu, 21 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375967