I-T attachment no bar for registering property after expiry period is over
The Hindu
Tamil Nadu govt. has told sub-registrars not to insist on revocation orders
The Tamil Nadu government has issued fresh guidelines to sub-registrars on the registration of properties under provisional attachment of the Income-Tax Department. A clarification has been issued that they can proceed with registration of property documents after the expiry of the statutory attachment period of six months. Following complaints that sub-registrars were refusing to accept any registration of properties under provisional attachment under the Income Tax Act, 1961, even if it was brought for registration well beyond the expiry of the statutory attachment period, the State government has clarified on the issue. Pointing out that there was no need for the sub-registrars to refuse registration of such properties by insisting on revocation orders, the Inspector-General of Registrations, in a circular dated April 9, 2021, said such actions caused hardship to the registering public, business community and also led to revenue loss to the State’s exchequer.More Related News