https://www.taxtmi.com/circulars?id=9339 A conclusive presumption arises when fair market value exceeds apparent consideration by the statutory margin that the consideration was not truly stated, but acquisition requires the competent authority to find that the understatement was made with an improper object such as facilitating tax reduction, evasion, or concealment; absent such a finding or where that link is rebutted, the authority cannot acquire the property. en-us Wed, 02 Apr 1980 00:00:00 +0530 Sat, 04 Jun 2011 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9339 A conclusive presumption arises when fair market value exceeds apparent consideration by the statutory margin that the consideration was not truly stated, but acquisition requires the competent authority to find that the understatement was made with an improper object such as facilitating tax reduction, evasion, or concealment; absent such a finding or where that link is rebutted, the authority cannot acquire the property. Circulars Income Tax Wed, 02 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9339