https://www.taxtmi.com/caselaws?id=61403 Limitation for the transferee's appeal ran from actual service of the order on the transferee; on the facts, service was in the second week of November 1986, so the appeal filed on 24 November 1986 was within time and the preliminary objection failed. In the Chapter XXA acquisition challenge, the valuation basis was flawed because the property was wrongly treated as wholly vacant, although part was tenanted, and the comparable sales were not sufficiently comparable in time, locality or size. Since tenancy materially affected market value and the apparent consideration was accepted as the real consideration, the statutory basis for acquisition was not made out and the acquisition order was vacated. en-us Fri, 24 Jul 1987 00:00:00 +0530 Wed, 12 Jan 2011 15:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61403 Limitation for the transferee's appeal ran from actual service of the order on the transferee; on the facts, service was in the second week of November 1986, so the appeal filed on 24 November 1986 was within time and the preliminary objection failed. In the Chapter XXA acquisition challenge, the valuation basis was flawed because the property was wrongly treated as wholly vacant, although part was tenanted, and the comparable sales were not sufficiently comparable in time, locality or size. Since tenancy materially affected market value and the apparent consideration was accepted as the real consideration, the statutory basis for acquisition was not made out and the acquisition order was vacated. Case-Laws Income Tax Fri, 24 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61403