TMI Blog1997 (4) TMI 29X X X X Extracts X X X X X X X X Extracts X X X X ..... Bench, in Acquisition Appeals Nos. 11 and 12 of 1979 have been challenged. In view of the similarity of the issues raised in the appeal, we are deciding them by a common order. The respondents in these appeals are transferees in respect of property bearing Khasra No. 1556. On the basis of proceedings initiated under section 269F(6) of the Income-tax Act, 1961, the competent authority passed order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ions urged on behalf of the transferees. Although the appellant has challenged the order passed by the Tribunal on several grounds, we are of the opinion that it is not necessary to deal with these objections on the merits in view of the decisions of this court in CIT v. Export India Corporation (Pvt.) Ltd. [1996] 219 ITR 461 and CIT v. Gobind Ram [1996] 221 ITR 892. The orders passed by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e to the proceedings pending at the appellate stage as well, if the apparent consideration of the immovable property is below Rs. five lakhs. In our opinion, these appeals deserve to be dismissed in the light of the two decisions referred to hereinabove. Ordered accordingly. We, however, make it clear that this order shall not be treated as expression of opinion on the points raised in the me ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
