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of <h1>Authority must hold hearings on property acquisition objections under Chapter rules with written decisions and notifications</h1> The competent authority must schedule and notify a hearing for objections against the acquisition of immovable property under this Chapter, allowing all objectors and transferees to be heard. The authority may adjourn hearings and conduct further inquiries before issuing a written decision with reasons. If satisfied that the property's fair market value exceeds one hundred thousand rupees, the value exceeds the stated consideration by more than fifteen percent, and the consideration was understated to evade tax, the authority, with approval from the Principal Commissioner or Commissioner, may order acquisition. If not satisfied, the authority shall declare no acquisition. Copies of the decision must be served on all parties involved. Objections based solely on the difference between fair market value and stated consideration are not entertained if the agreed consideration reflects the market price at the agreement date, except where the agreement is registered under the Registration Act.
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