Supreme Court Dismisses Appeal Against Cancellation of Auction for Income Tax Acquired Property — Auction Process Found Bona Fide and in Public Interest. The Court held that the cancellation of the appellant's bid was not arbitrary as it was in public interest to fetch the highest price, and the subsequent auction process was valid.
20 Sep 2019The appeal arose from a property admeasuring 1053.5 square meters in Mumbai, acquired by the Union of India in 1994 under Section 269UD(1) of the Inco...
