Dismissing the petition the Court held that ; direction of CBDT to hold fresh auction after determining the a reserve price by taking in to account fresh valuation report of District valuer is held to be justified. High Court will not interfere in contracts unless patently unfair.
Sankalp Recreation (P.) Ltd. v. Union of India (2018) 258 Taxman 341 / (2019) 411 ITR 671 (Bom.)(HC) Editorial: Affirmed , Sankalp Recreation Pvt.Ltd v. UOI (2019) 418 ITR 673/ 267 Taxman 13 (SC)
S. 222 : Collection and recovery –Auction of property- Direction of CBDT to hold fresh auction after determining the a reserve price by taking in to account fresh valuation report of District valuer is held to be justified. [ S.269UD ]