https://www.taxtmi.com/caselaws?id=458427 Consent terms for sale of mortgaged property that had attained finality could not be stalled by a later BIFR reference, because Section 22(1) of SICA did not bar completion of a concluded transaction and the remaining conveyance was only a ministerial act. Objections based on valuation and capital gains tax were also rejected, since valuation issues had been confined to the stage of confirmation of sale and tax objections did not alter the agreed sale terms. The court therefore upheld completion of the sale and refused to permit collateral objections to obstruct execution of the conveyance. en-us Tue, 09 Aug 2016 00:00:00 +0530 Sat, 26 Oct 2024 19:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458427 Consent terms for sale of mortgaged property that had attained finality could not be stalled by a later BIFR reference, because Section 22(1) of SICA did not bar completion of a concluded transaction and the remaining conveyance was only a ministerial act. Objections based on valuation and capital gains tax were also rejected, since valuation issues had been confined to the stage of confirmation of sale and tax objections did not alter the agreed sale terms. The court therefore upheld completion of the sale and refused to permit collateral objections to obstruct execution of the conveyance. Case-Laws Indian Laws Tue, 09 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458427