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2008 (12) TMI 211 - HC - Income TaxPetitioners are challenging orders passed under section 269UD for purchase of immovable property by central govt. - authority has not taken into account relevant documents produced by the petitioners and care has not been taken to arrive at a reasonable market value. Even considering the fair market value arrived at by the authority, the transaction falls within the prescribed limit of 15 per cent. and, therefore, the orders are not sustainable. - The authority is directed to issue necessary certificate under section 269UL
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