• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

Gujarat IT Dept Recovers Rs 2.86 Crore In Auction Sale

OMMCOM NEWS by OMMCOM NEWS
April 3, 2024
in Nation
income tax

Surat: Gujarat Income Tax Department has auctioned off the immovable property of Sash Nagji Davara located at 63 Ajmaldham Society, Akar Club Road in Varachha Road, Surat, to recover a certificate debt of approximately Rs 21.21 crore.

This amount was owed for the assessment years 2010-11, 2011-12, and 2012-13, as per the certificates dated September 8, 2014, and February 21, 2018.

The auction, conducted on March 28, 2024, at the Income Tax office in Surat, aimed to recover the outstanding debt, which included recovery costs, charges, and accrued interest under section 220(2) of the Income Tax Act from March 1, 2024, until the auction date.

A Surat Tax Collection Officer told IANS that the land was sold and the department has successfully recovered Rs 2.86 crore, amounting to 25 per cent of the total dues.

“We anticipate recovering the remaining amount in due course,” he said.

The reserve price of the land was Rs 15.03 lakh, with an earnest money deposit set at Rs 1.50 lakh. The auction process was governed by the Second Schedule of the Income Tax Act, 1961, and the Income Tax (Certificate Proceedings) Rules, 1962, ensuring a transparent and lawful recovery of the outstanding tax debt.

The public auction saw the sale of a piece of agricultural land measuring 7,300 square meters, located at R.S. No./Block No. 78/3, Village Anada, Taluka Ankleshwar, District Bharuch.

Interested bidders were informed of the auction details by Mukesh Kumar Singh, Income Tax Inspector, while more information was made available on the Income Tax Department’s official website.

(IANS)

Tags: GujaratIncome Tax department
ShareTweetSendSharePinShareSend
Previous Post

Delhi BJP Issues Legal Notice To Atishi Over Her Claims

Next Post

TN Govt Moves SC Against Central Govt For Release Of Cyclone Disaster Funds

Related Posts

Ashish Sood
Nation

100 Days Dedicated To People’s Welfare: Ashish Sood Highlights Delhi Govt’s Achievements

June 4, 2025
Nation

Six New Covid Cases In Patna; Doctors Say No Need To Panic, Take Precautions

June 4, 2025
covid-19
Nation

Covid-19 Cases In Gujarat Cross 460 Mark: Ahmedabad Sees Fourfold Rise In A Week

June 4, 2025
Nation

NEET Aspirant In MP Shoots Himself Dead After Results Out

June 4, 2025
Kerala High Court
Nation

Kerala HC Directs Class 11 Admissions Of Five Murder Accused Juveniles Be Enabled

June 4, 2025
Nation

After Jyoti Malhotra’s Arrest, Another Youtuber Held In Punjab For Espionage

June 4, 2025
Next Post
Tamil Nadu

TN Govt Moves SC Against Central Govt For Release Of Cyclone Disaster Funds

Sushil Modi Says He Is Battling Cancer, Won’t Be Part Of LS Polls

Boxer Vijender Singh Quits Cong, Joins BJP

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.