https://www.taxtmi.com/caselaws?id=4192 The Supreme Court upheld the Income Tax Department's auction of attached property to recover tax arrears, finding it justified. The court dismissed claims of procedural irregularities, noting the proper initiation of sale proceedings. It affirmed the adequacy of reserve price and sale value, rejecting objections raised post-auction. Emphasizing the rights of bona fide purchasers, the court protected the highest bidder's interests. Ultimately, the appeal was dismissed, and parties were directed to bear their own costs. en-us Fri, 16 May 2008 00:00:00 +0530 Wed, 25 Sep 2013 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4192 The Supreme Court upheld the Income Tax Department's auction of attached property to recover tax arrears, finding it justified. The court dismissed claims of procedural irregularities, noting the proper initiation of sale proceedings. It affirmed the adequacy of reserve price and sale value, rejecting objections raised post-auction. Emphasizing the rights of bona fide purchasers, the court protected the highest bidder's interests. Ultimately, the appeal was dismissed, and parties were directed to bear their own costs. Case-Laws Income Tax Fri, 16 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4192