https://www.taxtmi.com/caselaws?id=18184 Chapter XX-C permits compulsory pre-emptive purchase where apparent consideration is found to be 15 per cent or more below fair market value, after notice, hearing, and comparison with relevant sales adjusted for time and location. The Delhi HC accepted the use of comparable instances from the same locality and recognised plus-minus adjustments as a rational valuation method. It also reaffirmed that judicial review under Article 226 is confined to the decision-making process and does not allow the court to reappraise an expert statutory valuation unless it is unsupported by evidence, based on irrelevant considerations, or manifestly unreasonable. On that basis, the challenge to the purchase order failed. en-us Fri, 29 Sep 1995 00:00:00 +0530 Tue, 29 Sep 2009 13:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18184 Chapter XX-C permits compulsory pre-emptive purchase where apparent consideration is found to be 15 per cent or more below fair market value, after notice, hearing, and comparison with relevant sales adjusted for time and location. The Delhi HC accepted the use of comparable instances from the same locality and recognised plus-minus adjustments as a rational valuation method. It also reaffirmed that judicial review under Article 226 is confined to the decision-making process and does not allow the court to reappraise an expert statutory valuation unless it is unsupported by evidence, based on irrelevant considerations, or manifestly unreasonable. On that basis, the challenge to the purchase order failed. Case-Laws Income Tax Fri, 29 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18184