https://www.taxtmi.com/caselaws?id=301220 The court upheld the validity of the show cause notice issued under s. 269UD(1) of the IT Act, 1961 regarding the transfer of immovable property, dismissing three writ petitions challenging the notice based on valuation discrepancies. It rejected the claim of denial of a reasonable opportunity of hearing, emphasizing the importance of proper document submission. The court upheld the Appropriate Authority's valuation of the property, highlighting the limitations on examining factual questions under Article 226 and the application of settled legal principles on valuation and market value. All three special appeals were dismissed. en-us Tue, 16 Dec 1997 00:00:00 +0530 Mon, 21 Mar 2022 14:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301220 The court upheld the validity of the show cause notice issued under s. 269UD(1) of the IT Act, 1961 regarding the transfer of immovable property, dismissing three writ petitions challenging the notice based on valuation discrepancies. It rejected the claim of denial of a reasonable opportunity of hearing, emphasizing the importance of proper document submission. The court upheld the Appropriate Authority's valuation of the property, highlighting the limitations on examining factual questions under Article 226 and the application of settled legal principles on valuation and market value. All three special appeals were dismissed. Case-Laws Income Tax Tue, 16 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301220