https://www.taxtmi.com/caselaws?id=20340 Contractual purchasers whose right to acquire immovable property is directly affected have locus standi under Article 226, even though an agreement for sale does not itself transfer title. Under Chapter XX-C, apparent consideration must reflect the transaction's substance, including the market value of promised construction and flats provided to brokers as remuneration. Treating brokerage obligations as outside consideration and failing to value construction obligations at the agreement date results in an incorrect apparent consideration and exceeds the power to order purchase. The purchase order was quashed, subject to reconsideration in accordance with law. en-us Fri, 11 Sep 1992 00:00:00 +0530 Fri, 13 Nov 2009 13:31:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20340 Contractual purchasers whose right to acquire immovable property is directly affected have locus standi under Article 226, even though an agreement for sale does not itself transfer title. Under Chapter XX-C, apparent consideration must reflect the transaction's substance, including the market value of promised construction and flats provided to brokers as remuneration. Treating brokerage obligations as outside consideration and failing to value construction obligations at the agreement date results in an incorrect apparent consideration and exceeds the power to order purchase. The purchase order was quashed, subject to reconsideration in accordance with law. Case-Laws Income Tax Fri, 11 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20340