https://www.taxtmi.com/caselaws?id=332089 The Supreme Court allowed the appeals, setting aside the High Court's order that challenged the sale of mortgaged properties and remanded the matter to DRT for fresh consideration. The Court found that the High Court's reasons for setting aside the sale were unfounded, as the respondents had opportunities to determine the offset price and there was no violation of Income Tax Rules in allowing the Bank to participate in the auction. Consequently, the auction sale to the Bank was deemed valid, and the necessary actions following this decision were directed to be taken. en-us Tue, 30 Aug 2016 00:00:00 +0530 Fri, 09 Sep 2016 22:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332089 The Supreme Court allowed the appeals, setting aside the High Court's order that challenged the sale of mortgaged properties and remanded the matter to DRT for fresh consideration. The Court found that the High Court's reasons for setting aside the sale were unfounded, as the respondents had opportunities to determine the offset price and there was no violation of Income Tax Rules in allowing the Bank to participate in the auction. Consequently, the auction sale to the Bank was deemed valid, and the necessary actions following this decision were directed to be taken. Case-Laws Indian Laws Tue, 30 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332089