https://www.taxtmi.com/caselaws?id=16774 The High Court of Madras ruled in a case involving the pre-emptive purchase of a property by the Revenue, alleging undervaluation without sufficient factual basis. The Court emphasized the need for objective criteria and rational justification in determining market value to prevent arbitrary government interference. Criticizing the arbitrary 15% addition to the property value, the Court annulled the purchase order due to unreliable reasoning. The judgment stressed the importance of fair procedures, notice, and a rational basis for decisions, ultimately setting aside the pre-emptive purchase order to uphold the integrity of property transactions and prevent unwarranted government actions. en-us Fri, 08 Aug 1997 00:00:00 +0530 Sat, 12 Sep 2009 11:52:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16774 The High Court of Madras ruled in a case involving the pre-emptive purchase of a property by the Revenue, alleging undervaluation without sufficient factual basis. The Court emphasized the need for objective criteria and rational justification in determining market value to prevent arbitrary government interference. Criticizing the arbitrary 15% addition to the property value, the Court annulled the purchase order due to unreliable reasoning. The judgment stressed the importance of fair procedures, notice, and a rational basis for decisions, ultimately setting aside the pre-emptive purchase order to uphold the integrity of property transactions and prevent unwarranted government actions. Case-Laws Income Tax Fri, 08 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16774