https://www.taxtmi.com/caselaws?id=18792 In pre-emptive purchase proceedings, the authority must base any opinion of understatement on all relevant valuation factors and comparable sale instances supported by the record. The court noted that the petitioners received notice, filed replies, and were not denied a reasonable opportunity of hearing. However, the order was unsustainable because the authority ignored material factors such as agricultural use, conversion requirements and charges, treated urban land ceiling permission as a formality without basis, and relied on an inappropriate small plot comparison while overlooking the petitioners' own comparables. The impugned order was therefore liable to be quashed. en-us Thu, 06 Apr 1995 00:00:00 +0530 Mon, 02 Nov 2009 10:51:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18792 In pre-emptive purchase proceedings, the authority must base any opinion of understatement on all relevant valuation factors and comparable sale instances supported by the record. The court noted that the petitioners received notice, filed replies, and were not denied a reasonable opportunity of hearing. However, the order was unsustainable because the authority ignored material factors such as agricultural use, conversion requirements and charges, treated urban land ceiling permission as a formality without basis, and relied on an inappropriate small plot comparison while overlooking the petitioners' own comparables. The impugned order was therefore liable to be quashed. Case-Laws Income Tax Thu, 06 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18792