https://www.taxtmi.com/caselaws?id=9831 Pre-emptive purchase under section 269UD(1) was examined against the comparability of the Sale Instance Property and the Property Under Consideration, and the appropriate authority's reliance on a distant, differently regulated plot was found unsound. The Bombay High Court held that material differences in location, municipal limits, access, and amenity requirements made the sale instance unreliable for valuation. It also found that the alleged undervaluation did not cross the 15% benchmark on the departmental working, and criticised the method of adjusting advantages and disadvantages inconsistently. On that basis, the impugned purchase order was quashed and the petition was allowed. en-us Fri, 25 Nov 2005 00:00:00 +0530 Wed, 01 Jul 2009 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9831 Pre-emptive purchase under section 269UD(1) was examined against the comparability of the Sale Instance Property and the Property Under Consideration, and the appropriate authority's reliance on a distant, differently regulated plot was found unsound. The Bombay High Court held that material differences in location, municipal limits, access, and amenity requirements made the sale instance unreliable for valuation. It also found that the alleged undervaluation did not cross the 15% benchmark on the departmental working, and criticised the method of adjusting advantages and disadvantages inconsistently. On that basis, the impugned purchase order was quashed and the petition was allowed. Case-Laws Income Tax Fri, 25 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9831