https://www.taxtmi.com/caselaws?id=35485 The Court set aside the orders under section 269UD of the Income-tax Act, 1961, determining the fair market value of a property, as the authority failed to consider relevant sale instances and did not provide a fair opportunity for the petitioners to defend their case adequately. The Court found the valuation fell within the 15 percent limit required and concluded that there was no intention to defraud the Revenue. The writ petition was allowed, and the authority was directed to issue the necessary certificate, resolving the challenge comprehensively without costs. en-us Mon, 01 Dec 2008 00:00:00 +0530 Sat, 05 Mar 2016 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35485 The Court set aside the orders under section 269UD of the Income-tax Act, 1961, determining the fair market value of a property, as the authority failed to consider relevant sale instances and did not provide a fair opportunity for the petitioners to defend their case adequately. The Court found the valuation fell within the 15 percent limit required and concluded that there was no intention to defraud the Revenue. The writ petition was allowed, and the authority was directed to issue the necessary certificate, resolving the challenge comprehensively without costs. Case-Laws Income Tax Mon, 01 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35485