https://www.taxtmi.com/caselaws?id=12856 In pre-emptive purchase proceedings for immovable property, undervaluation does not create an irrebuttable presumption of tax evasion; the surrounding facts must be examined, and a bona fide financing arrangement may rebut the inference. The adverse order also failed because the authority relied on an engineering report and other materials that were not supplied to the affected parties, denying an effective opportunity of hearing. Since compulsory purchase deprives property rights, non-disclosure of the decisive material rendered the order arbitrary and contrary to natural justice. The matter was required to be reconsidered after furnishing the relevant report and documents. en-us Fri, 30 Nov 2001 00:00:00 +0530 Fri, 22 May 2009 15:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12856 In pre-emptive purchase proceedings for immovable property, undervaluation does not create an irrebuttable presumption of tax evasion; the surrounding facts must be examined, and a bona fide financing arrangement may rebut the inference. The adverse order also failed because the authority relied on an engineering report and other materials that were not supplied to the affected parties, denying an effective opportunity of hearing. Since compulsory purchase deprives property rights, non-disclosure of the decisive material rendered the order arbitrary and contrary to natural justice. The matter was required to be reconsidered after furnishing the relevant report and documents. Case-Laws Income Tax Fri, 30 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12856