Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2023 (1) TMI 633

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... anding to respondents authorities to issue fresh allotment letter after removing the discrepancy in the allotment letter dated 277.2021 and further direction be issued to Mandi Samiti NOIDA to accept the premium amount in easy installment - HELD THAT:- It is not disputed that the shop in question has been allotted in favour of the petitioner in an open auction wherein Rs.78.78/- lacs has been offe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 39;ble Vipin Chandra Dixit JJ. For the Petitioner : Rakesh Kumar Srivastava,Arvind Srivastava For the Respondent : S.C.,Avneesh Tripathi,Rajesh Singh ORDER HON'BLE VIPIN CHANDRA DIXIT,J. Written instructions filed today is taken on record. Sri Avneesh Tripathi learned counsel appears for the respondent Mandi Samiti. The present petition has been filed with the following reliefs:- &quo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ioner to deposit the remaining premium amount as per the conditions mentioned in the allotment letter. It is submitted in the written instructions supplied by the learned counsel for the respondent Mandi Samiti that 50% of the premium amount of the total bid amount Rs.70.78/- lacs, Rs.35.39/- lacs + 18 % G.S.T to the tune of Rs.6,37,020/- and user charges for the coming year to the tune of Rs.32, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... erein Rs.78.78/- lacs has been offered by the petitioner on its own. After acceptance of the bid of the petitioner as highest bid in the open auction, it is not permissible for the petitioner to challenge the premium, which is 50% to the total bid amount. The consequential charges of 18% GST on the premium amount (which is 50% of the total bid amount as per the offer of the petitioner) also cannot .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates