same time.
6.3 Earlier u/s.10 of the Act income of certain bodies/organizations/
authorities/instrumentalities of the State such as Urban Development Authorities ... Board, research associations, news agency,
SAARC Fund, securitisation trust etc. were given blanket exemption from the taxable
income. As can be seen from variety
Full
Bench would only mean that attachment by Income Tax Department will be
subject to securitisation if properties which have already been securitised ... anything that is realized from the attachment by Income Tax Department is
subject to such securitisation and the creditor thereunder. However, in
the instant case
Tamilnad Mercantile Bank Ltd vs The Assistant Commissioner Of Income ... on 12 February, 2019
Author: Dama Seshadri Naidu
Bench: Dama Seshadri Naidu
IN THE HIGH ... notice not only
Section 281B of the Income Tax Act but also Section 31B of the
Securitisation and Reconstruction of Financial Assets and Enforcement
Income Tax Act, 1961 ,
the Recovery of Debts Due to Banks and Financial
Institutions Act, 1993 , the Finance Act, 1994 , the
Securitisation and Reconstruction
Income Tax Act, 1961 , the
Recovery of Debts Due to Banks and Financial
Institutions Act, 1993 , the Finance Act, 1994 ,
the Securitisation and Reconstruction
property of the borrower.
112. Under Section 13(1) of the Securitisation Act, limited
primacy has been given to the right of a secured creditor ... behalf cannot
sell the mortgaged property or appoint a receiver of the
income of the mortgaged property or any part thereof in
a manner which
sales and profitability
for the last three years, it transpired that the income generated was from the
interest component and the unit had been operating ... petitioner. There was no notice issued under Section 13(2) of the
Securitisation and Reconstruction of Financial Assets and Enforcement of
Securities Interest
Bank Of Baroda Through Its Assistant ... vs State Of Gujarat on 16 September, 2019
Equivalent
hereinafter referred to as the " DRT Act ")
and/or the Securitisation and Reconstruction of Financial Assets
::: Downloaded on - 28/09/2019 ... Securitisation Act ").
.
13 The Hon'ble Supreme Court referred to the relevant
provisions contained in the DRT Act, the Securitisation Act and
Sales
Dcit Large Tax Payer Unit 1, Chennai vs M/S Sundaram Asset Management Company ... on
