Property could not be the subject matter of auction in a recovery proceeding under Income Tax Act, 1961.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....that the Urban Land (Ceiling and Regulation) Act, 1976 which came into operation with effect from 17th February, 1976 has created certain doubts in the minds of the Tax Recovery Officers, with regard to the auction of the attached immovable properties and confirmation of sale of properties sold already as per provisions of Second Schedule to the Income-tax Act, 1961. 2. The matter has been exam....