https://www.taxtmi.com/caselaws?id=28213 The High Court dismissed all appeals, upholding the Tribunal's findings. The initiation of proceedings was barred by limitation as notices were not served within the required timeframe. The doctrine of promissory estoppel prevented acquisition proceedings due to prior communication. The fair market value did not exceed the stated consideration, and there was no evidence of false consideration. The sale was not conducted by the IT Department, making a particular section inapplicable. The Court also addressed procedural issues regarding the deceased appellant and dismissed tenants' intervention application. en-us Tue, 07 Dec 1982 00:00:00 +0530 Fri, 19 Feb 2010 17:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28213 The High Court dismissed all appeals, upholding the Tribunal's findings. The initiation of proceedings was barred by limitation as notices were not served within the required timeframe. The doctrine of promissory estoppel prevented acquisition proceedings due to prior communication. The fair market value did not exceed the stated consideration, and there was no evidence of false consideration. The sale was not conducted by the IT Department, making a particular section inapplicable. The Court also addressed procedural issues regarding the deceased appellant and dismissed tenants' intervention application. Case-Laws Income Tax Tue, 07 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28213