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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
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<h1>Court upholds order for Income-tax Department to buy property below market value with valid reasons. Appeal allowed.</h1> The court upheld the order requiring the Income-tax Department to purchase property if the sale price is significantly below market value and the ... - The petition was filed to review an order regarding the purchase of property by the Income-tax Department. The court clarified that the Department is legally bound to purchase property if the sale price is less than the market value by 15 per cent. The court also stated that the Department must have good reasons for acquiring the property. The court concluded that there was no error in the order and parties could appeal if they disagreed.