Supreme Court · 1996 INSC 1187 · Decided 11 October 1996
K. Basavarajappa v. Tax Recovery Commissioner, Bangalore and Others
- Court
- Supreme Court of India
- Citation
- 1996 INSC 1187 · [1996] SUPP. 7 S.C.R. 523
- Case number
- CIVIL APPEAL No. 13049/1996
- Decided
- 11 October 1996
- Bench
- A.S. ANAND, S.B. MAJMUDAR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
A B Income Tax Act, 1961, Income Tax Rules,-Rule 60 of the Second Schedule-Locus Stan di of proposed purchaser to make application for setting aside auction sale-Deposited the amount-Held by mere agreement to sell C the appellant got no interest in the property put to auction and cannot claim to the amount. Rule 16(1) and 16(2) Read with Rules 51 & 48 Agreement of sale-Defaulter-No pennission of tax recovery officer-Held entering into an D agreement bypassing the statutory requirements cannot claim any legal interest for setting aside the auction sale. D has committed default
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