https://www.taxtmi.com/caselaws?id=13384 Where property vested in the Central Government under Chapter XX-C and was sold by the Income-tax Department by public auction, a bona fide purchaser who paid the full consideration was entitled to completion of the conveyance, delivery of the original title deeds, and transfer free from an undisclosed prior mortgage objection. The bank's claim to remain a confirming party was rejected because it had not sold the property and stood only as a claimant to the title deeds. A separate condition requiring deposit of sale consideration in the ZAO (CBDT) account was also disallowed as inconsistent with the operative sale directions. The document emphasizes that prior undisclosed encumbrance claims should not obstruct completion of a valid auction sale. en-us Tue, 19 Apr 2005 00:00:00 +0530 Thu, 28 May 2009 16:12:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13384 Where property vested in the Central Government under Chapter XX-C and was sold by the Income-tax Department by public auction, a bona fide purchaser who paid the full consideration was entitled to completion of the conveyance, delivery of the original title deeds, and transfer free from an undisclosed prior mortgage objection. The bank's claim to remain a confirming party was rejected because it had not sold the property and stood only as a claimant to the title deeds. A separate condition requiring deposit of sale consideration in the ZAO (CBDT) account was also disallowed as inconsistent with the operative sale directions. The document emphasizes that prior undisclosed encumbrance claims should not obstruct completion of a valid auction sale. Case-Laws Income Tax Tue, 19 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13384