TMI Blog2001 (8) TMI 6X X X X Extracts X X X X X X X X Extracts X X X X ..... n irrelevant consideration - view taken by the High Court cannot be faulted with at all and the basis indicated in the order of the High Court as summarized is sufficient to set aside the order made by the Appropriate Authority. - - - - - Dated:- 7-8-2001 - Judge(s) : S. RAJENDRA BABU. and K. G. BALAKRISHNAN. JUDGMENT The judgment of the court was delivered by S. RAJENDRA BABU J .- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... greement would be Rs. 10 lakhs and that is to be taken into consideration while working out the land value and also the fact that the subject property is surrounded by jhuggi jhompri as compared to property comprised in E-326, East of Kailash, New Delhi which faces Greater Kailash-1, on the one side, and Nehru Place, on the other, and that the size of the plot of the subject property was bigger (w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... luding that the building value is high as more than 10 times was disclosed to the parties. It appears that the two valuation reports obtained before the issue of show-cause notice also did not indicate any undervaluation, Further the instance of property No. A-32 relied upon by the parties was rejected on irrelevant consideration. For one purpose valuation is sought to be relied upon and for anoth ..... X X X X Extracts X X X X X X X X Extracts X X X X
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