https://www.taxtmi.com/caselaws?id=752248 Rule 68B of the Second Schedule to the Income-tax Act limits the sale of immovable property attached for tax recovery to the prescribed period counted from the end of the financial year in which the demand-giving order becomes conclusive or final. Where the sale is not made within that time, the attachment is deemed to have been vacated unless a statutory exception applies. On the admitted facts, the demand had attained finality earlier, but the sale notice and attachment were issued after the limitation period, and no extension or exclusion of time was shown. The impugned sale notice and attachment were therefore time-barred and liable to be quashed. en-us Thu, 02 May 2024 00:00:00 +0530 Wed, 23 Oct 2024 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752248 Rule 68B of the Second Schedule to the Income-tax Act limits the sale of immovable property attached for tax recovery to the prescribed period counted from the end of the financial year in which the demand-giving order becomes conclusive or final. Where the sale is not made within that time, the attachment is deemed to have been vacated unless a statutory exception applies. On the admitted facts, the demand had attained finality earlier, but the sale notice and attachment were issued after the limitation period, and no extension or exclusion of time was shown. The impugned sale notice and attachment were therefore time-barred and liable to be quashed. Case-Laws Income Tax Thu, 02 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752248