https://www.taxtmi.com/caselaws?id=17930 Circular No. 455 dated 16.05.1986, which directed dropping proceedings where the apparent consideration of property was below the prescribed threshold, was held applicable to appeals pending before the appellate authority as well as to proceedings at the original stage. The Court relied on earlier decisions construing the circular according to its object and found no reason to depart from that interpretation. As the apparent value of the properties was below the limit, the pending appellate proceedings fell within the circular, and the orders setting aside the acquisition were therefore not sustainable. en-us Wed, 27 Nov 1996 00:00:00 +0530 Fri, 25 Sep 2009 16:31:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17930 Circular No. 455 dated 16.05.1986, which directed dropping proceedings where the apparent consideration of property was below the prescribed threshold, was held applicable to appeals pending before the appellate authority as well as to proceedings at the original stage. The Court relied on earlier decisions construing the circular according to its object and found no reason to depart from that interpretation. As the apparent value of the properties was below the limit, the pending appellate proceedings fell within the circular, and the orders setting aside the acquisition were therefore not sustainable. Case-Laws Income Tax Wed, 27 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17930