https://www.taxtmi.com/caselaws?id=40224 Judicial review under Article 226 of a compulsory purchase order under Chapter XXC is confined to legality, relevance of material and rationality; the High Court cannot reappreciate evidence or act as an appellate court. Valuation based on contemporaneous comparable sales and objective market material is a valid basis for finding that the apparent consideration was more than 15 per cent below fair market value, and a plea of forced sale may be rejected on the surrounding circumstances. On the facts, the purchase order was sustained and interest on the deposited amount was directed to be paid. en-us Tue, 10 Nov 1998 00:00:00 +0530 Sat, 24 Dec 2022 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40224 Judicial review under Article 226 of a compulsory purchase order under Chapter XXC is confined to legality, relevance of material and rationality; the High Court cannot reappreciate evidence or act as an appellate court. Valuation based on contemporaneous comparable sales and objective market material is a valid basis for finding that the apparent consideration was more than 15 per cent below fair market value, and a plea of forced sale may be rejected on the surrounding circumstances. On the facts, the purchase order was sustained and interest on the deposited amount was directed to be paid. Case-Laws Income Tax Tue, 10 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40224