https://www.taxtmi.com/caselaws?id=36030 The Tribunal dismissed the appeals, upholding its decision favoring the belting method for property valuation, declaring the acquisition proceedings invalid due to procedural flaws and lack of proper consideration of objections, and emphasizing the necessity of material to support presumptions under s. 269C(2). The Tribunal also criticized the Competent Authority's failure to adequately assess comparable transactions and highlighted the procedural deficiency in the publication of the notice under s. 269D. The Tribunal's ruling was affirmed, rejecting the revenue's arguments and finding alignment with legal principles and precedents. en-us Fri, 12 Sep 1980 00:00:00 +0530 Fri, 19 Mar 2010 10:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36030 The Tribunal dismissed the appeals, upholding its decision favoring the belting method for property valuation, declaring the acquisition proceedings invalid due to procedural flaws and lack of proper consideration of objections, and emphasizing the necessity of material to support presumptions under s. 269C(2). The Tribunal also criticized the Competent Authority's failure to adequately assess comparable transactions and highlighted the procedural deficiency in the publication of the notice under s. 269D. The Tribunal's ruling was affirmed, rejecting the revenue's arguments and finding alignment with legal principles and precedents. Case-Laws Income Tax Fri, 12 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36030