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2002 (9) TMI 57 - HC - Income TaxOrder passed by respondent No. 1 under section 269UD(1) for pre-emptive purchase of the property - Determination of Fair Market Value - We set aside the order passed by the appropriate authority dated December 27, 2001, and direct respondent No. 1 for reconsideration of the matter afresh. The show cause notice shall remain valid and the appropriate authority shall take a decision within six weeks after affording opportunity of hearing, as indicated hereinbefore. In view of the fact that Chapter XX-C of the Income-tax Act has already been repealed with effect from July 1, 2002, the appropriate authority shall take a sympathetic attitude in the matter.
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