Income Tax officer cannot order cancellation of registered sale deed: Madras HC

K.N. Subramaniam Vs PCIT (Madras High Court) In a significant ruling, the Madras High Court has quashed an order issued by the Income Tax Department that sought to cancel a sale deed and attach a property. The court held that the Income Tax Department lacks the statutory power to order the cancellation of a sale deed between two private parties, effectively overturning a decision by a learned Single Judge and allowing the appeal filed by K.N. Subramaniam. The case originated from a property purchase by K.N. Subramaniam (the appellant) from a fourth respondent via an agreement dated February 24...