https://www.taxtmi.com/caselaws?id=386183 For pre-emptive purchase under Chapter XX-C, the decisive inquiry is whether the apparent consideration is substantially below market value. The document explains that a comparable apartment in the same complex supported the authority's view that the stated price was undervalued, and the form-based disclosure did not displace that market comparison. It further states that contractual allocation of liabilities governs unless the agreement clearly shifts an outstanding amount to the purchaser. Because the sale agreement did not make the unpaid sum due to the original allotter a purchaser's liability, that amount could not be used to negate undervaluation. en-us Wed, 11 Sep 2019 00:00:00 +0530 Tue, 24 Sep 2019 07:04:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386183 For pre-emptive purchase under Chapter XX-C, the decisive inquiry is whether the apparent consideration is substantially below market value. The document explains that a comparable apartment in the same complex supported the authority's view that the stated price was undervalued, and the form-based disclosure did not displace that market comparison. It further states that contractual allocation of liabilities governs unless the agreement clearly shifts an outstanding amount to the purchaser. Because the sale agreement did not make the unpaid sum due to the original allotter a purchaser's liability, that amount could not be used to negate undervaluation. Case-Laws Indian Laws Wed, 11 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386183