https://www.taxtmi.com/caselaws?id=380130 Attachment of immovable property for tax recovery cannot continue after the statutory period under Rule 68-B(1) of the Second Schedule to the Income-tax Act expires without sale, because the attachment then loses efficacy. The attachment also cannot be sustained where, on the date of attachment, the defaulter no longer had a subsisting ownership or transferable interest in the properties and the petitioners had already purchased the plots. On these grounds, the High Court set aside the impugned attachment orders and consequential proceedings. en-us Mon, 04 Feb 2019 00:00:00 +0530 Mon, 13 May 2019 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380130 Attachment of immovable property for tax recovery cannot continue after the statutory period under Rule 68-B(1) of the Second Schedule to the Income-tax Act expires without sale, because the attachment then loses efficacy. The attachment also cannot be sustained where, on the date of attachment, the defaulter no longer had a subsisting ownership or transferable interest in the properties and the petitioners had already purchased the plots. On these grounds, the High Court set aside the impugned attachment orders and consequential proceedings. Case-Laws Income Tax Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380130