https://www.taxtmi.com/caselaws?id=13757 A tax recovery auction was examined on three points: the reserve price was upheld because it was fixed on a departmental valuation basis and was not shown to be arbitrary or below market value; the absence of a fresh sale proclamation after appellate reduction of part of the demand did not invalidate the sale because a substantial tax liability still remained and no material irregularity causing substantial injury was shown; and the plea that seized cash should have been adjusted differently toward tax dues failed because the adjustment had already been made and the contrary claim was unsupported. The sale confirmation and recovery proceedings were sustained. en-us Tue, 03 Oct 2006 00:00:00 +0530 Thu, 02 Jul 2009 12:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13757 A tax recovery auction was examined on three points: the reserve price was upheld because it was fixed on a departmental valuation basis and was not shown to be arbitrary or below market value; the absence of a fresh sale proclamation after appellate reduction of part of the demand did not invalidate the sale because a substantial tax liability still remained and no material irregularity causing substantial injury was shown; and the plea that seized cash should have been adjusted differently toward tax dues failed because the adjustment had already been made and the contrary claim was unsupported. The sale confirmation and recovery proceedings were sustained. Case-Laws Income Tax Tue, 03 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13757