https://www.taxtmi.com/caselaws?id=332299 Where property acquired and auctioned by the Appropriate Authority under Chapter XXC of the Income-tax Act was sold on an "as is where is" basis, the auction terms required the purchaser to bear all conveyance expenses and all outstandings relating to the property. A State demand for unearned incremental charges arising after the auction was treated as a post-auction liability not attaching to the acquiring authority by reason of vesting. The demand was therefore recoverable from the auction purchasers, and not from the Appropriate Authority, because the auction conditions shifted unknown outstandings and subsequent liabilities to the buyer. en-us Thu, 01 Sep 2016 00:00:00 +0530 Sat, 01 Apr 2017 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332299 Where property acquired and auctioned by the Appropriate Authority under Chapter XXC of the Income-tax Act was sold on an "as is where is" basis, the auction terms required the purchaser to bear all conveyance expenses and all outstandings relating to the property. A State demand for unearned incremental charges arising after the auction was treated as a post-auction liability not attaching to the acquiring authority by reason of vesting. The demand was therefore recoverable from the auction purchasers, and not from the Appropriate Authority, because the auction conditions shifted unknown outstandings and subsequent liabilities to the buyer. Case-Laws Indian Laws Thu, 01 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332299