https://www.taxtmi.com/caselaws?id=215992 The court set aside the order for pre-emptive purchase under section 269UD (1) of the Income Tax Act, 1961, regarding a property in East of Kailash, New Delhi. The court found that the difference in apparent consideration between the property in question and a comparable property was below the 15% threshold required for such a purchase. The court also noted that comparing properties with significant size differences could lead to misleading conclusions. As a result, the writ petitions were allowed, and no costs were awarded in the case. en-us Wed, 16 May 2012 00:00:00 +0530 Tue, 21 Aug 2012 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215992 The court set aside the order for pre-emptive purchase under section 269UD (1) of the Income Tax Act, 1961, regarding a property in East of Kailash, New Delhi. The court found that the difference in apparent consideration between the property in question and a comparable property was below the 15% threshold required for such a purchase. The court also noted that comparing properties with significant size differences could lead to misleading conclusions. As a result, the writ petitions were allowed, and no costs were awarded in the case. Case-Laws Income Tax Wed, 16 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215992