Case Law Analysis
|Calcutta High Court
Rule 60 of Income Tax Act’s Second Schedule | Mandatory Deposit Prerequisite for Challenging Auction Sale : Calcutta HC
Calcutta High Court rules that a challenge to an auction sale under the RDDB Act is non-maintainable without compliance with the statutory deposit requirement under Rule 60 of the Income Tax Act’s Second Schedule. The court upheld the auction’s validity and directed possession transfer to the buyer within 60 days, reinforcing procedural compliance in debt recovery proceedings.