https://www.taxtmi.com/caselaws?id=57581 The Tribunal allowed the appeal, canceling the acquisition order under section 269F(6) of the Income-tax Act, 1961. The delay in filing the appeal was condoned, the valuation of the property was deemed reasonable, the appellant's consent did not imply admission of understatement, insufficient evidence supported the understatement claim, and the significant delay in the acquisition process was found unreasonable and detrimental, leading to the cancellation of the acquisition order. en-us Thu, 31 Oct 1985 00:00:00 +0530 Fri, 10 Dec 2010 18:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57581 The Tribunal allowed the appeal, canceling the acquisition order under section 269F(6) of the Income-tax Act, 1961. The delay in filing the appeal was condoned, the valuation of the property was deemed reasonable, the appellant's consent did not imply admission of understatement, insufficient evidence supported the understatement claim, and the significant delay in the acquisition process was found unreasonable and detrimental, leading to the cancellation of the acquisition order. Case-Laws Income Tax Thu, 31 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57581