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Sch. II Part 3 Rule 56 – Income Tax Act, 1961

Income Tax Act, 1961

 

 

Sch. II Part III Rule 56. SALE TO BE BY AUCTION.

 

 

The sale shall be by public auction to the highest bidder and shall be subject to confirmation by the Tax Recovery Officer : 

 

Provided that no sale under this rule shall be made if the amount bid by the highest bidder is less than the reserve price, if any, specified under clause (cc) of rule 53.

 

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Income Tax Act, 1961 

 

Indian Laws – Bare Acts

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