Case Law Details
Case Name : TRO Vs Industrial Finance Corpn. of India and Ors. (Gujarat High Court)
Related Assessment Year :
Courts :
All High Courts Gujarat High Court
TRO v Industrial Finance Corpn. of India and Ors.
High Court of Gujarat
Special Civil Application No. 3786 of 2010 with Special Civil Application No. 6961 of 2010
Decided on: 22 June 2011
Judgment
S.J. Mukhopadhaya, J
1. The first writ petition – Special Civil Application No. 3786 of 2010 has been preferred by the Tax Recovery Officer, Income-tax Commissioner’s Office, Gandhinagar against the action taken by the 1st respondent – M/s Industrial Finance Corporation of India (hereinafter referred to as “the 1st respondent – financial institution̶...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
sir, my question is that if person fails to pay central excise or any other indirect tax because of his business loss or failure then can the tax officer recover the tax amount from that persons property and being that the property is also mortgage to some financial institutions before the tax was implemented on him … or the property was firstly mortgage before the tax was implemented also in that case is the financial institute is liable to sell that property to any other party for recovery of the mortgage amount ? please reply asap my email id is bakaey@yahoo.com thanku