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2014 (12) TMI 1295 - MADRAS HIGH COURTAuction procedure - Held that:- The procedure contemplated under Rule 60 and 61 of Schedule-II of Income Tax Act, 1961 and the petitioner having not exercised his right to set aside the sale of the property under Section 30 of the Act within the stipulated time, we are of the view that the Auction Purchaser is entitled to have the sale certificate of Schedule-II property and the petitioner is entitled to get refund of the amounts deposited with accrued interest, if any. There is no merit in the writ petitions and the same are dismissed.
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