https://www.taxtmi.com/caselaws?id=19348 In pre-emptive purchase proceedings under Chapter XX-C of the Income-tax Act, the High Court held that a writ petition challenging the purchase order was maintainable and that the notice, objections, and adjournments afforded satisfied natural justice. It further held that valuation must be based on objective material, including comparable sales, potentiality, location, and the nature of the property, and that land and structure could be assessed together where appropriate. The Court rejected the contention that stamp-duty rates or reserve price notifications were determinative, found no non-application of mind or perversity in the authority's assessment, and upheld the pre-emptive purchase action under Article 226 review. en-us Wed, 14 Sep 1994 00:00:00 +0530 Thu, 05 Nov 2009 16:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19348 In pre-emptive purchase proceedings under Chapter XX-C of the Income-tax Act, the High Court held that a writ petition challenging the purchase order was maintainable and that the notice, objections, and adjournments afforded satisfied natural justice. It further held that valuation must be based on objective material, including comparable sales, potentiality, location, and the nature of the property, and that land and structure could be assessed together where appropriate. The Court rejected the contention that stamp-duty rates or reserve price notifications were determinative, found no non-application of mind or perversity in the authority's assessment, and upheld the pre-emptive purchase action under Article 226 review. Case-Laws Income Tax Wed, 14 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19348