https://www.taxtmi.com/caselaws?id=16132 The High Court dismissed the Revenue's appeal against the Tribunal's order under s. 269G of the IT Act, upholding the Tribunal's decision in favor of the respondents regarding property valuation. The Court found insufficient evidence to support undervaluation claims and emphasized the importance of proving intent to evade tax liabilities. The appeal was rejected, affirming that citizens are protected against arbitrary acquisition under s. 269C, with costs imposed on the Revenue for the unsuccessful challenge. en-us Wed, 01 Jul 1998 00:00:00 +0530 Tue, 01 Sep 2009 13:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16132 The High Court dismissed the Revenue's appeal against the Tribunal's order under s. 269G of the IT Act, upholding the Tribunal's decision in favor of the respondents regarding property valuation. The Court found insufficient evidence to support undervaluation claims and emphasized the importance of proving intent to evade tax liabilities. The appeal was rejected, affirming that citizens are protected against arbitrary acquisition under s. 269C, with costs imposed on the Revenue for the unsuccessful challenge. Case-Laws Income Tax Wed, 01 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16132