https://www.taxtmi.com/manuals?id=7120 Adequate consideration denotes a fair equivalent in value, requiring a reasonably just and equitable exchange; for specific performance the contract price must be substantially just and fair. Mere love and affection may constitute good consideration for contract formation but do not satisfy adequacy when adequacy is required for valuation or tax purposes. en-us Fri, 07 Feb 2025 18:23:00 +0530 Thu, 26 Jun 2025 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7120 Adequate consideration denotes a fair equivalent in value, requiring a reasonably just and equitable exchange; for specific performance the contract price must be substantially just and fair. Mere love and affection may constitute good consideration for contract formation but do not satisfy adequacy when adequacy is required for valuation or tax purposes. Manuals Indian Laws Fri, 07 Feb 2025 18:23:00 +0530 https://www.taxtmi.com/manuals?id=7120