https://www.taxtmi.com/caselaws?id=163599 In revenue recovery proceedings, a suo motu cancellation of an auction sale under section 38 of the A.P. Revenue Recovery Act, 1864 must be supported by recorded reasons showing a legally sustainable basis such as material irregularity, mistake or fraud causing substantial injury; a bare reference to higher instructions, news reports or alleged undervaluation was insufficient, so the cancellation was invalid. Once the highest bidder had paid the entire sale consideration, the purchaser's right to confirmation could not be defeated by a later cancellation, because revenue auctions must remain reliable and the purchaser is entitled to protection from subsequent recovery-process changes. The cancellation order was set aside and the auction sale was protected. en-us Thu, 24 Aug 2006 00:00:00 +0530 Sat, 05 Apr 2014 11:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163599 In revenue recovery proceedings, a suo motu cancellation of an auction sale under section 38 of the A.P. Revenue Recovery Act, 1864 must be supported by recorded reasons showing a legally sustainable basis such as material irregularity, mistake or fraud causing substantial injury; a bare reference to higher instructions, news reports or alleged undervaluation was insufficient, so the cancellation was invalid. Once the highest bidder had paid the entire sale consideration, the purchaser's right to confirmation could not be defeated by a later cancellation, because revenue auctions must remain reliable and the purchaser is entitled to protection from subsequent recovery-process changes. The cancellation order was set aside and the auction sale was protected. Case-Laws VAT and Sales Tax Thu, 24 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163599