2015 (8) TMI 333 - SCH - Income Tax

Participation in Auction - Held that - The possession of the premises is handed over to the Income Tax Department by the petitioner. In case the said property is put to auction by the Income Tax Department or dispose of the property, it would be open to the petitioner to claim participation therein and whenever such request is made, the same shall be considered.

Summary

The Supreme Court dismissed the special leave petition, stating that the petitioner can claim participation if the property is auctioned or disposed of by the Income Tax Department.