https://www.taxtmi.com/caselaws?id=61210 Compulsory acquisition under Chapter XXA required strict proof of the statutory preconditions on reliable evidence, and the Revenue could not rely mainly on a valuation report or shift the burden to the transferee. The competent authority was also required to independently evaluate comparable material and the objections raised; here, it failed to compare like with like, ignored material locality factors, and relied on less comparable sale instances. The valuation basis was therefore found unsustainable and the acquisition order could not stand. en-us Tue, 24 Aug 1982 00:00:00 +0530 Tue, 11 Jan 2011 13:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61210 Compulsory acquisition under Chapter XXA required strict proof of the statutory preconditions on reliable evidence, and the Revenue could not rely mainly on a valuation report or shift the burden to the transferee. The competent authority was also required to independently evaluate comparable material and the objections raised; here, it failed to compare like with like, ignored material locality factors, and relied on less comparable sale instances. The valuation basis was therefore found unsustainable and the acquisition order could not stand. Case-Laws Income Tax Tue, 24 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61210