https://www.taxtmi.com/caselaws?id=383679 Rule 68B of the Second Schedule to the Income-tax Act requires sale of attached immovable property for tax recovery within three years from the end of the financial year in which the demand becomes conclusive or final, subject to the statutory exclusions and extensions. Where the sale proclamation is issued long after that period, the sale is time-barred and the attachment is deemed vacated on expiry of limitation. A consent letter from the defaulter or heir does not waive statutory limitation or validate a sale prohibited by law. The proposed auction sale was therefore invalid and could not be sustained. en-us Tue, 23 Jul 2019 00:00:00 +0530 Wed, 06 Nov 2019 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383679 Rule 68B of the Second Schedule to the Income-tax Act requires sale of attached immovable property for tax recovery within three years from the end of the financial year in which the demand becomes conclusive or final, subject to the statutory exclusions and extensions. Where the sale proclamation is issued long after that period, the sale is time-barred and the attachment is deemed vacated on expiry of limitation. A consent letter from the defaulter or heir does not waive statutory limitation or validate a sale prohibited by law. The proposed auction sale was therefore invalid and could not be sustained. Case-Laws Income Tax Tue, 23 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383679