https://www.taxtmi.com/caselaws?id=63726 The Tribunal invalidated the acquisition proceedings citing improper service of notice under section 269D(1), lack of substantial evidence supporting the fair market value exceeding the apparent consideration, and insufficient basis in the initial valuation report. Comparable sale instances provided by the appellant were deemed credible, indicating the recorded consideration was fair. Consequently, the Tribunal allowed the appeal, canceling the acquisition order on multiple grounds. en-us Fri, 30 Dec 1988 00:00:00 +0530 Tue, 01 Feb 2011 15:23:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63726 The Tribunal invalidated the acquisition proceedings citing improper service of notice under section 269D(1), lack of substantial evidence supporting the fair market value exceeding the apparent consideration, and insufficient basis in the initial valuation report. Comparable sale instances provided by the appellant were deemed credible, indicating the recorded consideration was fair. Consequently, the Tribunal allowed the appeal, canceling the acquisition order on multiple grounds. Case-Laws Income Tax Fri, 30 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63726