Four kg gold auctioned on High Court orders to recover outstanding tax. The case dates back to October 14, 2021, when the Income Tax Department conducted a raid on the premises of a mobile business group in Bikaner. The auction took place at Jodhpur Income Tax Bhawan, where 13 gold biscuits—three large and ten small—totalling 4 kg were sold. The purity of the biscuits was 99.5 per cent, while the gold coins seized in the raid had a purity of 99.9 per cent. The reserve price was set at Rs 4,000 per 10 grams lower than the prevailing online rate.Ultimately, the gold was auctioned at Rs 77,780 per 10 gram. The sale yielded Rs 3.11 crore for the department. The matter was contested in the Rajasthan High Court, which ruled in favour of the income Tax Department. The department sought to recover unpaid taxes based on the undeclared assets. The seized assets included Gold worth Rs 49 lakh declared by Loknath Arora.