https://www.taxtmi.com/caselaws?id=11202 The appeals under section 269H of the Income-tax Act, 1961, were disposed of by the Tribunal, which released the property under acquisition. The fair market value determined by the Government Valuation Officer exceeded the apparent consideration, leading to proceedings under section 269D(i) of the Act. The Tribunal emphasized discrepancies in valuation and lack of a specific acquisition order, ruling in favor of the appellants. The challenge to the Deputy Commissioner's order based on dropped proceedings in related cases was dismissed, highlighting compliance with relevant provisions of the Income-tax Act in valuation and acquisition proceedings. en-us Mon, 11 Aug 2003 00:00:00 +0530 Sat, 01 Aug 2009 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11202 The appeals under section 269H of the Income-tax Act, 1961, were disposed of by the Tribunal, which released the property under acquisition. The fair market value determined by the Government Valuation Officer exceeded the apparent consideration, leading to proceedings under section 269D(i) of the Act. The Tribunal emphasized discrepancies in valuation and lack of a specific acquisition order, ruling in favor of the appellants. The challenge to the Deputy Commissioner's order based on dropped proceedings in related cases was dismissed, highlighting compliance with relevant provisions of the Income-tax Act in valuation and acquisition proceedings. Case-Laws Income Tax Mon, 11 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11202