Supreme Court · 2019 INSC 1060 · Decided 19 September 2019
Sankalp Recreation Private Limited v. Union of India & ORS.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 1060 · [2019] 12 S.C.R. 661
- Case number
- CIVIL APPEAL No. 7438/2019
- Decided
- 19 September 2019
- Bench
- R.F. NARIMAN, SURYA KANT (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 269UD(1)
Headnote
Auction - A property was acquired by Union of India u/s.269 UD(1) of the Income Tax Act - Despite several attempts to sell property, several auctions conducted qua the said property failed - Appellant made offer to the Central Board of Direct Taxes to purchase the said property However, the offer was not accepted - A fresh valuation report of the property was submitted on 04.09.2017 and a reserve price for property was fixed at Rs.30 crores - Appellant made a bid of Rs.30.21 crores - On 26.09.2017 respondent no.3 sent a report to respondent no.2, in
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