section 196
Application of proceeds of sale
The Karnataka Land Revenue Act, 1964Tax1964183 of 228 sections available2 chapters
Statutory text
Application of proceeds of sale.—(1) The proceeds of the sale of any property sold under the provisions of this Chapter shall be applied in the following order, that is to say,—
- (a) in defraying the expenses of selling the property;
- (b) in discharging the amount due to the State Government on account of the arrear of land revenue and costs of the process of such sale, and all other expenses incurred by the Revenue Officer in respect of the recovery of such arrear;
- (c) the surplus, if any, shall be paid to the defaulter or where the property sold is a holding of a joint family, to the manager of such family; or if there is any dispute as to the person entitled to receive the same, it shall be held in deposit by the Deputy Commissioner until a competent court decides the person entitled to receive the same.
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