TMI Blog2016 (1) TMI 953X X X X Extracts X X X X X X X X Extracts X X X X ..... before this Court the total amount of sales tax dues of the seller, which comes to ₹ 55,00,000/- (approximately) within reasonable time. - Held that:- In view of the fact that the Sales Tax Department has fixed auction of the property in question today, let there be stay against such auction on the condition that the petitioners deposit a sum of ₹ 55,00,000/- (Rupees fifty five lacs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng revenue records, where as per the affidavit filed by the respondents the attachment of the Sales Tax Department was duly recorded. 3. However, the case of the petitioners is that the petitioners have already paid full sale consideration of ₹ 2,50,00,000/- for the property in question in combination of direct payment to the lending bank and the remaining to the seller. The learned advoc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty five lacs only) with this Court in three equal monthly installments starting from 01.02.2016. In case there is failure to deposit any one of the installments it would be open for the respondents to re-schedule the auction. 5. This formula is provided for the time being and would be subject to modification or further direction that may be issued in future. Adjourned to 15.02.2016. - - Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
