2001 (12) TMI 38

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ates that in that order, it has been mentioned that where the price is less than 50 per cent. of the market value, the Commissioner of Income-tax is bound to purchase the property. Counsel would submit that it is only 15 per cent. It is only a typographical mistake. Even then, this is not the operative portion of the order; it is not going to affect the order in any manner. Since it is an apparent....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Paragraph 3 of the instruction makes it clear that the right of pre-emptive purchase has to be exercised by the appropriate authority only when it has good reason for acquiring the property." Therefore, unless the authorities come to the conclusion that there are "good reasons for acquiring the property", the property may not be acquired by the Department. Therefore, there is no error apparent on....