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2001 (5) TMI 4 - SC - Income TaxFair market value of the property in question was over the apparent consideration disclosed by 28.5 % - On that basis Appropriate Authority proceeded to acquire the property for the UOI, rejecting the explanation offered by the transferor - value, of the property either with reference to the apparent consideration or the f.m.v. determined by the Appropriate Authority is not of such magnitude as to call for any interference - HC is justified in setting aside the order for pre emptive purchase
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