https://www.taxtmi.com/caselaws?id=13021 The court allowed the petitioner's appeal against the compulsory purchase order under the Income-tax Act, remanding the matter for fresh disposal. It criticized the authority's arbitrary rejection of evidence and biased valuation approach, emphasizing the need for a fair evaluation process. The court set aside the order, directing the authority to issue a "no objection certificate" upon payment of the agreed sum by the petitioner. Costs were awarded to the petitioner, concluding the proceedings in their favor due to the flawed valuation process and evidence supporting the agreed transaction value. en-us Fri, 20 Nov 1998 00:00:00 +0530 Mon, 25 May 2009 18:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13021 The court allowed the petitioner's appeal against the compulsory purchase order under the Income-tax Act, remanding the matter for fresh disposal. It criticized the authority's arbitrary rejection of evidence and biased valuation approach, emphasizing the need for a fair evaluation process. The court set aside the order, directing the authority to issue a "no objection certificate" upon payment of the agreed sum by the petitioner. Costs were awarded to the petitioner, concluding the proceedings in their favor due to the flawed valuation process and evidence supporting the agreed transaction value. Case-Laws Income Tax Fri, 20 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13021