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Time limit for bringing immovable property to sale by auction extended as per proviso to rule 68B

Case Law Details

Case Name
Maniyan Sureshkumar Vs Tax Recovery Officer-1 (Madras High Court)
Date of Judgement/Order
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Advertisement Maniyan Sureshkumar Vs Tax Recovery Officer-1 (Madras High Court) Madras High Court held that extension of period for bringing immovable property to sale by auction is justifiable since time limit got extended as per proviso to rule 68B. Thus, writ petition stands dismissed. Facts- An Assessment Order was passed by AO u/s. 143(3) of the Income Tax Act, 1961. No appeal was filed by the petitioner. Thus, the Assessment Order dated 07.12.2011 attained finality as no appeal was filed. The petitioner was also issued with a Penalty Order dated 29.06.2012 u/s. 271(1)(c) of the Income...
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