https://www.taxtmi.com/caselaws?id=274157 Rejection of the highest bid in a public auction is valid only if based on relevant considerations and a reasoned, non-arbitrary process consistent with Article 14. The approving authority compared the hotel plot with smaller plots at a different location without properly accounting for differences in size, use, location, prior failed auctions, the enhanced reserve price, and the strong bidder response. The later re-auction, in which no bidder came forward, reinforced the absence of a rational assessment. The rejection was therefore held arbitrary, irrational and vitiated by non-application of mind, and the bid was required to be accepted. en-us Fri, 24 Nov 2006 00:00:00 +0530 Tue, 31 Jul 2018 16:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274157 Rejection of the highest bid in a public auction is valid only if based on relevant considerations and a reasoned, non-arbitrary process consistent with Article 14. The approving authority compared the hotel plot with smaller plots at a different location without properly accounting for differences in size, use, location, prior failed auctions, the enhanced reserve price, and the strong bidder response. The later re-auction, in which no bidder came forward, reinforced the absence of a rational assessment. The rejection was therefore held arbitrary, irrational and vitiated by non-application of mind, and the bid was required to be accepted. Case-Laws Indian Laws Fri, 24 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274157