https://www.taxtmi.com/caselaws?id=187335 A purchaser at a court-approved auction was held to take the property subject to statutory and other liabilities under the sale terms, and the principle of caveat emptor applied. The Court noted that the bid had already been confirmed when the issue arose, and that the auction purchaser assumed the risk of later-discovered encumbrances. Non-disclosure of the sales tax attachment was not treated as fraud, and no mutual mistake was shown to vitiate the concluded sale. On that basis, the earnest money deposit was not refundable and no interference was warranted. en-us Wed, 19 Jul 2000 00:00:00 +0530 Tue, 18 Oct 2016 18:14:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187335 A purchaser at a court-approved auction was held to take the property subject to statutory and other liabilities under the sale terms, and the principle of caveat emptor applied. The Court noted that the bid had already been confirmed when the issue arose, and that the auction purchaser assumed the risk of later-discovered encumbrances. Non-disclosure of the sales tax attachment was not treated as fraud, and no mutual mistake was shown to vitiate the concluded sale. On that basis, the earnest money deposit was not refundable and no interference was warranted. Case-Laws VAT and Sales Tax Wed, 19 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187335