An application under Rules 60 and 61 of the Second Schedule of the Income Tax Act, 1961 has to be filed within 30 days of the sale of the immovable property coupled with the deposit of the amount specified in the proclamation of sale – Mrs Renu Jain Vs. Union of India and Ors. – Delhi High Court
Hon’ble Delhi High Court held that submission of application/objections within thirty (30) days of the date of sale and simultaneous deposit of the amount specified in the proclamation of sale, both are held to be mandatory. The petitioner being an outsider to the auction process, having not participated at all, cannot claim to have sustained any injury, much less any substantial injury by such confirmation of sale in favour of respondent nos.2 & 3/auction purchasers, who had diligently participated in the auction process and had deposited the sale price within the given time schedule. The application under the aforesaid Rules has to be filed within thirty (30) days of the sale of the immovable property coupled with the deposit of the amount specified in the proclamation of sale.