https://www.taxtmi.com/caselaws?id=56972 The Tribunal dismissed the appeal as time-barred due to the late filing beyond the prescribed limit. It found that the order was served on 11-12-1986, making the appeal 521 days overdue. Additionally, the Tribunal upheld the presumption of proper service under Section 27 of the General Clauses Act, despite the transferee's arguments to the contrary. The challenge to the fair market value determination was not pursued during the hearing, and the Tribunal ruled that the CBDT circular and instruction raising the threshold could not be applied retroactively to benefit the transferee. en-us Fri, 24 Aug 1990 00:00:00 +0530 Tue, 07 Dec 2010 15:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56972 The Tribunal dismissed the appeal as time-barred due to the late filing beyond the prescribed limit. It found that the order was served on 11-12-1986, making the appeal 521 days overdue. Additionally, the Tribunal upheld the presumption of proper service under Section 27 of the General Clauses Act, despite the transferee's arguments to the contrary. The challenge to the fair market value determination was not pursued during the hearing, and the Tribunal ruled that the CBDT circular and instruction raising the threshold could not be applied retroactively to benefit the transferee. Case-Laws Income Tax Fri, 24 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56972