Legal Question in Real Estate Law in India
under Registration Act 1908, what is the procedure to register a sale certificate of mortgaged property to the bank and attachment made by income tax after the mortgaged. Any case law is there.
Asked on 6/01/11, 3:21 am
1 Answer from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
after the attachment, the bank auctions the property and get the property registered in the name of new owner. a mortgaged property cannot be attached by the income tax but can realize the tax only after the satisfaction of debt of the bank.
Answered on 6/03/11, 5:24 am
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