https://www.taxtmi.com/caselaws?id=388832 The Supreme Court upheld the auction results for a property acquired by the Union of India, dismissing the appellant's challenge to the cancellation of the auction process. Despite delays and failed auctions, the Court found no arbitrariness in the decisions taken, emphasizing public interest and fair valuation. The appellant's argument that as the highest bidder above the reserve price, the sale should have been confirmed was rejected. The Court highlighted the need for reasons in governmental decisions but concluded that the reasons provided in this case did not indicate arbitrariness, ultimately affirming the auction outcome. en-us Thu, 19 Sep 2019 00:00:00 +0530 Wed, 27 Nov 2019 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388832 The Supreme Court upheld the auction results for a property acquired by the Union of India, dismissing the appellant's challenge to the cancellation of the auction process. Despite delays and failed auctions, the Court found no arbitrariness in the decisions taken, emphasizing public interest and fair valuation. The appellant's argument that as the highest bidder above the reserve price, the sale should have been confirmed was rejected. The Court highlighted the need for reasons in governmental decisions but concluded that the reasons provided in this case did not indicate arbitrariness, ultimately affirming the auction outcome. Case-Laws Income Tax Thu, 19 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388832