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2002 (11) TMI 61 - HC - Income TaxOrder passed by the appropriate authority under section 269UD(1) of the Income-tax Act, 1961 directing pre-emptive purchase of a residential house – validity - Therefore the order of purchase was valid. - The show cause notice clearly indicates the basis for arriving at the fair market value of the subject property and the petitioner had filed objections thereto, without asking for the valuation report prepared by the registered valuer, and the same mainly pertained to the adjustments made therein on account of advantages and disadvantages of the sale instance property and the subject property. Accordingly, there is no hesitation in rejecting the argument that a proper opportunity to rebut the material used against the petitioner has not been granted - we do not find any merit in the petition. The same is accordingly dismissed.
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