https://www.taxtmi.com/caselaws?id=168397 The Supreme Court upheld the constitutional validity of Chapter XX-C of the Income-tax Act, allowing pre-emptive purchase of properties to counter tax evasion. The court emphasized the importance of proper valuation methods, burden of proof, and adherence to principles of natural justice. Several orders were quashed due to arbitrary valuation methods and errors in comparing properties. Non-payment within the stipulated period led to the abrogation of purchase orders. Writ petitions were allowed, directing the authority to issue no objection certificates to the parties. en-us Wed, 17 Dec 1997 00:00:00 +0530 Thu, 26 Feb 2015 13:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168397 The Supreme Court upheld the constitutional validity of Chapter XX-C of the Income-tax Act, allowing pre-emptive purchase of properties to counter tax evasion. The court emphasized the importance of proper valuation methods, burden of proof, and adherence to principles of natural justice. Several orders were quashed due to arbitrary valuation methods and errors in comparing properties. Non-payment within the stipulated period led to the abrogation of purchase orders. Writ petitions were allowed, directing the authority to issue no objection certificates to the parties. Case-Laws Income Tax Wed, 17 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168397