https://www.taxtmi.com/caselaws?id=39466 Recovery of tax arrears initiated after repeal of the Income-tax Act, 1922 was analysed under the Income-tax Act, 1961, which supplies a specific limitation rule for a person deemed to be in default. The text explains that section 231 governs such recovery and runs from the last day of the financial year in which default is deemed to have occurred, while section 297(2)(j) preserves recovery of sums payable under the repealed Act. A broader reliance on section 297(2)(a) was rejected because "assessment" does not extend to recovery proceedings. On that construction, the recovery action was time-barred and the recovery certificates were invalid. en-us Wed, 18 Feb 1976 00:00:00 +0530 Fri, 16 Apr 2010 16:03:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39466 Recovery of tax arrears initiated after repeal of the Income-tax Act, 1922 was analysed under the Income-tax Act, 1961, which supplies a specific limitation rule for a person deemed to be in default. The text explains that section 231 governs such recovery and runs from the last day of the financial year in which default is deemed to have occurred, while section 297(2)(j) preserves recovery of sums payable under the repealed Act. A broader reliance on section 297(2)(a) was rejected because "assessment" does not extend to recovery proceedings. On that construction, the recovery action was time-barred and the recovery certificates were invalid. Case-Laws Income Tax Wed, 18 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39466