https://www.taxtmi.com/caselaws?id=206510 Compulsory acquisition under Chapter XXA was available only where the apparent consideration of the immovable property was Rs. 5 lakhs or more. The Tribunal's view was upheld because the admitted apparent consideration was below that statutory threshold, so the acquisition power could not be exercised on those facts. The challenge accordingly failed, and the assessee succeeded. en-us Fri, 25 Mar 2011 00:00:00 +0530 Fri, 04 Nov 2011 06:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206510 Compulsory acquisition under Chapter XXA was available only where the apparent consideration of the immovable property was Rs. 5 lakhs or more. The Tribunal's view was upheld because the admitted apparent consideration was below that statutory threshold, so the acquisition power could not be exercised on those facts. The challenge accordingly failed, and the assessee succeeded. Case-Laws Income Tax Fri, 25 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206510