https://www.taxtmi.com/caselaws?id=300331 Pre-emptive purchase under Chapter XX-C required a reasoned determination of fair market value showing significant undervaluation and a tax-evasion element; absent such determination, the order could not stand. The authority also had to consider the transaction's special facts, including disputed title and earlier payments, and supply the comparable sale-instance material relied upon so the affected party could respond. Failure to do so amounted to non-application of mind and breach of natural justice. The compulsory purchase order was quashed and the writ petition succeeded with costs. en-us Wed, 04 Jun 2008 00:00:00 +0530 Tue, 25 Jan 2022 09:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300331 Pre-emptive purchase under Chapter XX-C required a reasoned determination of fair market value showing significant undervaluation and a tax-evasion element; absent such determination, the order could not stand. The authority also had to consider the transaction's special facts, including disputed title and earlier payments, and supply the comparable sale-instance material relied upon so the affected party could respond. Failure to do so amounted to non-application of mind and breach of natural justice. The compulsory purchase order was quashed and the writ petition succeeded with costs. Case-Laws Income Tax Wed, 04 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300331