https://www.taxtmi.com/caselaws?id=18416 In a co-owned transfer, Chapter XX-C is attracted by the consideration attributable to each co-owner's share, not by the aggregate consideration for the whole property; where each share was below the statutory threshold, the jurisdictional basis for pre-emptive purchase failed. The order was also vitiated because the valuation material and supporting particulars relied on by the authority were not fully disclosed, denying a fair opportunity to meet the case. The finding of undervaluation and intent to evade tax was unsustainable because the land-rate fixation lacked a cogent disclosed basis and the adverse inference drawn was inconsistent with the recorded facts. en-us Tue, 06 Feb 1996 00:00:00 +0530 Wed, 30 Sep 2009 17:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18416 In a co-owned transfer, Chapter XX-C is attracted by the consideration attributable to each co-owner's share, not by the aggregate consideration for the whole property; where each share was below the statutory threshold, the jurisdictional basis for pre-emptive purchase failed. The order was also vitiated because the valuation material and supporting particulars relied on by the authority were not fully disclosed, denying a fair opportunity to meet the case. The finding of undervaluation and intent to evade tax was unsustainable because the land-rate fixation lacked a cogent disclosed basis and the adverse inference drawn was inconsistent with the recorded facts. Case-Laws Income Tax Tue, 06 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18416