https://www.taxtmi.com/caselaws?id=17715 The court quashed the pre-emptive purchase order under Section 269UD of the Income-tax Act, 1961, due to improper valuation and consideration of irrelevant factors. The petitioners successfully argued that the valuation of the property was flawed, biased, and did not consider comparable properties, leading to the order being deemed misconceived and unwarranted. The court emphasized the importance of objective and reasonable valuation based on material evidence, ultimately ruling in favor of the petitioners and setting aside the impugned order without costs. en-us Tue, 27 May 1997 00:00:00 +0530 Fri, 16 Mar 2018 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17715 The court quashed the pre-emptive purchase order under Section 269UD of the Income-tax Act, 1961, due to improper valuation and consideration of irrelevant factors. The petitioners successfully argued that the valuation of the property was flawed, biased, and did not consider comparable properties, leading to the order being deemed misconceived and unwarranted. The court emphasized the importance of objective and reasonable valuation based on material evidence, ultimately ruling in favor of the petitioners and setting aside the impugned order without costs. Case-Laws Income Tax Tue, 27 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17715