https://www.taxtmi.com/caselaws?id=12055 In Chapter XX-C pre-emptive purchase proceedings, a coercive acquisition order cannot stand unless the affected parties receive timely access to the valuation material and a real opportunity to answer the basis of fair market value; the order was therefore set aside and remitted for fresh decision after hearing. Comparable sale instances from the same locality are relevant to valuation, and excluding them merely because they were not transactions under the Act was incorrect; the valuation exercise was vitiated on that ground as well. en-us Thu, 12 Sep 2002 00:00:00 +0530 Tue, 16 Feb 2010 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12055 In Chapter XX-C pre-emptive purchase proceedings, a coercive acquisition order cannot stand unless the affected parties receive timely access to the valuation material and a real opportunity to answer the basis of fair market value; the order was therefore set aside and remitted for fresh decision after hearing. Comparable sale instances from the same locality are relevant to valuation, and excluding them merely because they were not transactions under the Act was incorrect; the valuation exercise was vitiated on that ground as well. Case-Laws Income Tax Thu, 12 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12055