https://www.taxtmi.com/caselaws?id=10665 The court interpreted "apparent consideration" under section 269UA(b) of the Income-tax Act, focusing on the discount period for property value calculation. Emphasizing the importance of specific dates, it aligned with Supreme Court precedent, rejecting additional date considerations. It supported Gujarat, Allahabad, and Delhi High Courts' views, criticizing Bombay High Court's deviation. Upholding the Supreme Court's decision in Ramesh Bhai J. Patel v. Union of India, the court allowed the writ appeal, overturning the single judge's ruling without costs. en-us Wed, 03 Aug 2005 00:00:00 +0530 Sun, 02 May 2010 23:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10665 The court interpreted "apparent consideration" under section 269UA(b) of the Income-tax Act, focusing on the discount period for property value calculation. Emphasizing the importance of specific dates, it aligned with Supreme Court precedent, rejecting additional date considerations. It supported Gujarat, Allahabad, and Delhi High Courts' views, criticizing Bombay High Court's deviation. Upholding the Supreme Court's decision in Ramesh Bhai J. Patel v. Union of India, the court allowed the writ appeal, overturning the single judge's ruling without costs. Case-Laws Income Tax Wed, 03 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10665