https://www.taxtmi.com/caselaws?id=25886 Primary gold seized under the Income-tax Act was held not to be exclusively appropriable towards the tax demand where the gold was liable to action under the Gold (Control) Act, 1968. The Court noted that ownership continued until sale, but the Income-tax Officer was not bound to satisfy the arrears only from the seized gold, and the gold could be made available to the Gold Control authorities for confiscation-related action. The attachment and proposed sale of the taxpayer's house property were also upheld because the revenue authorities remained entitled to pursue other lawful recovery modes under the Income-tax Act. The challenge to the recovery action accordingly failed. en-us Wed, 25 Mar 1987 00:00:00 +0530 Mon, 01 Feb 2010 14:33:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25886 Primary gold seized under the Income-tax Act was held not to be exclusively appropriable towards the tax demand where the gold was liable to action under the Gold (Control) Act, 1968. The Court noted that ownership continued until sale, but the Income-tax Officer was not bound to satisfy the arrears only from the seized gold, and the gold could be made available to the Gold Control authorities for confiscation-related action. The attachment and proposed sale of the taxpayer's house property were also upheld because the revenue authorities remained entitled to pursue other lawful recovery modes under the Income-tax Act. The challenge to the recovery action accordingly failed. Case-Laws Income Tax Wed, 25 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25886