Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Reserve Price Guidelines for Chapter XXC Property Auctions: Minimum Set at 115% with Chief Commissioners' Discretion for Adjustments.</h1> Comprehensive instructions for setting reserve prices for auctioning properties acquired under Chapter XXC were established during a conference in Bombay. The minimum reserve price is set at 115% of the apparent consideration, with Chief Commissioners of Income-tax authorized to increase it based on market conditions. If properties remain unsold, special efforts and possibly higher commissions for auctioneers are recommended. Proposals to set reserve prices below 115% require Board approval with detailed justification. Increasing reserve prices monthly is discouraged to prevent unsaleable prices, emphasizing the importance of auctioning within three months post-formalities.
TaxTMI 
TaxTMI 
