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2005 (12) TMI 55 - HC - Income TaxPurchase at Auction - These writ petitions by a person who was the highest bidder in an auction sale conducted by the income-tax authorities who had put up for sale several parcels of properties they had acquired by pre-emptive purchase under Chapter XXC, in terms of public auction notice - learned counsel for the petitioner, vehemently urged that the court should see the injustice of the matter in the sense the petitioner is being deprived of the huge sum without any justification and therefore, the reliefs could be extended by examining such question even in the writ jurisdiction. The amount being huge by itself cannot be a criterian for interference. A person doing a business on large scale definitely hazards or invests large amounts. In so far as the petitioner is concerned, it is nothing but an activity of buying and selling. The forfeiture orders are if at all incident to such activity of the petitioner and moreover being one attributable to the very conduct, inadequacies of the petitioner, I do not find any injustice in the impugned order
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