https://www.taxtmi.com/caselaws?id=49402 The Supreme Court allowed the appeals in a case involving the recovery of income tax arrears from a firm's assets. The High Court's decision to reject the application for attaching and selling the properties of the firm was overturned. The appointment of a new receiver, Bibhuti Bhusan Sen, who had been assessed for income tax, was crucial. As Sen was an assessee, there was no need to substitute subsequent receivers. The Court granted permission to proceed against Sen for recovery, and no costs were awarded. en-us Wed, 08 May 1963 00:00:00 +0530 Mon, 25 Aug 2014 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49402 The Supreme Court allowed the appeals in a case involving the recovery of income tax arrears from a firm's assets. The High Court's decision to reject the application for attaching and selling the properties of the firm was overturned. The appointment of a new receiver, Bibhuti Bhusan Sen, who had been assessed for income tax, was crucial. As Sen was an assessee, there was no need to substitute subsequent receivers. The Court granted permission to proceed against Sen for recovery, and no costs were awarded. Case-Laws Income Tax Wed, 08 May 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49402