https://www.taxtmi.com/caselaws?id=16573 A beneficial CBDT circular directing discontinuance of acquisition proceedings under Chapter XX-A applied to pending appeals where the apparent consideration of the immovable property was below the prescribed threshold. Because the sale deeds showed consideration below five lakhs and earlier decisions had treated the circular as binding at the appellate stage, the acquisition could not be sustained. The Tribunal's order was therefore left undisturbed, and the Revenue's challenge failed with dismissal of the appeals. en-us Mon, 28 Apr 1997 00:00:00 +0530 Tue, 08 Sep 2009 15:50:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16573 A beneficial CBDT circular directing discontinuance of acquisition proceedings under Chapter XX-A applied to pending appeals where the apparent consideration of the immovable property was below the prescribed threshold. Because the sale deeds showed consideration below five lakhs and earlier decisions had treated the circular as binding at the appellate stage, the acquisition could not be sustained. The Tribunal's order was therefore left undisturbed, and the Revenue's challenge failed with dismissal of the appeals. Case-Laws Income Tax Mon, 28 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16573