Tax Recovery Officer not empowered under Income Tax Act to declare Sale made in favour of Third Party as Void: Madras HC [Read Order]

Tax Recovery Officer not empowered to declare sale made in favour of third party as void, rules Madras HC

By Kalyani B. Nair - On March 20, 2024 6:03 am - 2 mins read

Tax Recovery Officer - Income Tax Act - Sale - Third Party as Void - Madras HC - taxscan

In a significant ruling the Madras High Court observed that Tax Recovery Officer under the Income Tax Act, 1961 is not empowered to declare sale made in favour of third party as void. As the 4th respondent had defaulted in payment of tax, the respondent Income Tax authorities issued a Demand Notice under Rule 2…

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