https://www.taxtmi.com/caselaws?id=28217 Comparable sale instances can be used for valuation only when the plots are similar and situated in a similar locality. Because the record did not show the relative location of the D.L.F. Industrial Estate and Sectors 27-A, 27-B, 27-C and 27-D, Faridabad, vis-a -vis Sector VI, or establish similarity in size and other relevant features, the Tribunal was justified in excluding those sales from the fair market value exercise. On the evidence, the Tribunal also found no material to show that the fair market value exceeded the consideration stated in the sale deed, and that factual finding was not open to appellate interference. en-us Mon, 02 Jan 1984 00:00:00 +0530 Fri, 19 Feb 2010 17:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28217 Comparable sale instances can be used for valuation only when the plots are similar and situated in a similar locality. Because the record did not show the relative location of the D.L.F. Industrial Estate and Sectors 27-A, 27-B, 27-C and 27-D, Faridabad, vis-a -vis Sector VI, or establish similarity in size and other relevant features, the Tribunal was justified in excluding those sales from the fair market value exercise. On the evidence, the Tribunal also found no material to show that the fair market value exceeded the consideration stated in the sale deed, and that factual finding was not open to appellate interference. Case-Laws Income Tax Mon, 02 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28217