https://www.taxtmi.com/caselaws?id=13734 The court quashed the Tax Recovery Officer's orders and set aside the auction sale conducted due to procedural lapses and non-compliance with mandatory provisions of the Income-tax Act, 1961. The petitioners, having locus standi, successfully challenged the sale as their interests were affected. The court found the auction sale invalid as respondent No. 4 failed to deposit the purchase price within the required timeframe. The court held the Tax Recovery Officer's actions unjustified and indicative of mala fides, ultimately ruling in favor of the petitioners and setting aside the orders and auction sale. en-us Tue, 06 Mar 2007 00:00:00 +0530 Thu, 02 Jul 2009 10:36:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13734 The court quashed the Tax Recovery Officer's orders and set aside the auction sale conducted due to procedural lapses and non-compliance with mandatory provisions of the Income-tax Act, 1961. The petitioners, having locus standi, successfully challenged the sale as their interests were affected. The court found the auction sale invalid as respondent No. 4 failed to deposit the purchase price within the required timeframe. The court held the Tax Recovery Officer's actions unjustified and indicative of mala fides, ultimately ruling in favor of the petitioners and setting aside the orders and auction sale. Case-Laws Income Tax Tue, 06 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13734