75th Founding Day Lecture Meeting on “India@2030” Know More

May 2013

Related Party Transactions and Minority Rights – Part 2

By Dolphy D’Souza, Chartered Accountant
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Recovery of tax: Power of TRO u/s. 281: Petitioner had purchased a property from one ‘M’ on 17-05-1995: TRO having found that ‘M’ inspite of several demand notices issued during years 1989 to 1994 had not paid income tax dues passed an order u/s. 281 declaring above sale transaction as void: TRO had no power u/s. 281 to declare sale transaction as void: