https://www.taxtmi.com/caselaws?id=26454 The appeal challenging the acquisition of property under section 269F(6) of the Income-tax Act, 1961 was successful. The court found the acquisition proceedings invalid due to inadequate consideration and valuation issues. The appellant's argument, supported by a previous Division Bench judgment, highlighted defects in the notices and valuation calculations, leading to the setting aside of the acquisition orders. The court stressed the need to consider all liabilities and factors in determining the market value of the property, ultimately ruling in favor of the appellant and against the Revenue. en-us Wed, 22 Jan 1986 00:00:00 +0530 Fri, 05 Feb 2010 10:45:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26454 The appeal challenging the acquisition of property under section 269F(6) of the Income-tax Act, 1961 was successful. The court found the acquisition proceedings invalid due to inadequate consideration and valuation issues. The appellant's argument, supported by a previous Division Bench judgment, highlighted defects in the notices and valuation calculations, leading to the setting aside of the acquisition orders. The court stressed the need to consider all liabilities and factors in determining the market value of the property, ultimately ruling in favor of the appellant and against the Revenue. Case-Laws Income Tax Wed, 22 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26454