https://www.taxtmi.com/caselaws?id=201748 Pre-emptive purchase orders under section 269UD(1) require fair market value to be fixed on relevant comparable material with clear and consistent reasons. Where the Appropriate Authority relies on selected transactions but fails to properly consider comparable instances produced by the transferors, and records conflicting findings on apparent consideration and valuation, the statutory threshold cannot be sustained on the existing record. The impugned purchase orders were therefore set aside, and the matter was remanded to the Appropriate Authority for fresh hearing and fresh decision in accordance with law. en-us Mon, 15 Jun 2009 00:00:00 +0530 Fri, 28 Dec 2012 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201748 Pre-emptive purchase orders under section 269UD(1) require fair market value to be fixed on relevant comparable material with clear and consistent reasons. Where the Appropriate Authority relies on selected transactions but fails to properly consider comparable instances produced by the transferors, and records conflicting findings on apparent consideration and valuation, the statutory threshold cannot be sustained on the existing record. The impugned purchase orders were therefore set aside, and the matter was remanded to the Appropriate Authority for fresh hearing and fresh decision in accordance with law. Case-Laws Income Tax Mon, 15 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201748