https://www.taxtmi.com/caselaws?id=314313 A notified person under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 sought stay of sale of attached properties pending income-tax appeals before the Tribunal. The Court held that confirmed assessments, pendency of further appeals, and absence of any stay of recovery did not justify postponing sale of the attached assets. The request for stay was rejected, but limited equitable protection was granted by directing that the residential flat be sold only after the other attached properties, if their proceeds were insufficient to satisfy the tax demand. en-us Mon, 29 Aug 2005 00:00:00 +0530 Fri, 31 May 2024 14:36:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314313 A notified person under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 sought stay of sale of attached properties pending income-tax appeals before the Tribunal. The Court held that confirmed assessments, pendency of further appeals, and absence of any stay of recovery did not justify postponing sale of the attached assets. The request for stay was rejected, but limited equitable protection was granted by directing that the residential flat be sold only after the other attached properties, if their proceeds were insufficient to satisfy the tax demand. Case-Laws Indian Laws Mon, 29 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314313