https://www.taxtmi.com/caselaws?id=11308 Pre-emptive purchase under section 269UD(1) of the Income-tax Act was held unsustainable where the valuation basis was not disclosed in the notice and the affected parties were denied a fair opportunity to rebut it. The Authority relied on sale instances from another locality, treated general land appreciation as self-evident, and failed to consider material factors such as litigation, encumbrances, and development restrictions. In a proceeding with serious civil consequences, satisfaction for pre-emptive purchase must rest on objective facts and comply with natural justice. The order was quashed for unfair procedure and an unreliable valuation exercise. en-us Tue, 18 Jun 2002 00:00:00 +0530 Sat, 03 Sep 2011 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11308 Pre-emptive purchase under section 269UD(1) of the Income-tax Act was held unsustainable where the valuation basis was not disclosed in the notice and the affected parties were denied a fair opportunity to rebut it. The Authority relied on sale instances from another locality, treated general land appreciation as self-evident, and failed to consider material factors such as litigation, encumbrances, and development restrictions. In a proceeding with serious civil consequences, satisfaction for pre-emptive purchase must rest on objective facts and comply with natural justice. The order was quashed for unfair procedure and an unreliable valuation exercise. Case-Laws Income Tax Tue, 18 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11308