https://www.taxtmi.com/caselaws?id=152917 The court allowed the petition, setting aside the impugned order due to violations of principles of natural justice and fair play, as well as the failure to determine the fair market value. The court held that the petitioners had the locus standi to maintain the petition, rejecting the preliminary objection raised by the respondents. The court did not find the annexation of the previous order to the show-cause notice indicative of a pre-determined mindset of the appropriate authority, focusing instead on the substantive grounds for quashing the order. en-us Tue, 04 Sep 2007 00:00:00 +0530 Sun, 28 Dec 2014 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152917 The court allowed the petition, setting aside the impugned order due to violations of principles of natural justice and fair play, as well as the failure to determine the fair market value. The court held that the petitioners had the locus standi to maintain the petition, rejecting the preliminary objection raised by the respondents. The court did not find the annexation of the previous order to the show-cause notice indicative of a pre-determined mindset of the appropriate authority, focusing instead on the substantive grounds for quashing the order. Case-Laws Income Tax Tue, 04 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152917