Income Tax Department Completes Auction of Property to Settle Tax Debts, Finds No Auction Irregularities.

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....Recovery proceedings - attachment and auction sale of immovable property - No irregularity committed by the Income Tax Department while auctioning the property. The Income Tax Department also made it very clear that the auction amount will be adjusted toward the tax liability and the interest thereon and the balance if any will be adjusted and payable toward the other stake holders - HC....