Supreme Court · 2001 INSC 345 · Decided 7 August 2001

Appropriate Authority and ANR. v. Kailash Suneja and ANR.

Court
Supreme Court of India
Citation
2001 INSC 345 · [2001] SUPP. 1 S.C.R. 343
Case number
CIVIL APPEAL No. 6050/1998
Decided
7 August 2001
Bench
S. RAJENDRA BABU, K.G. BALAKRISHNAN (2-judge bench)
Outcome
Dismissed
Case type
Civil
Acts & sections cited
Constitution Article 136, 226; Income Tax Act

Headnote

B Income Tax: Income Tax Act, 1961-Chapter XX-C-Acquisition of Immovable property by Appropriate Authority-Valuation of Fair Market Value-Basis C of-Held, adoption of any method of valuation of the property by the Appropriate Authority cannot be interfered with-On facts, there are loopholes or at the conclusions-Hence, acquisition of property is improper. D Constitution of India, 1950-Article 136 and 226-Scope of Judicial Review. An agreement for sale of an immoveable tenanted property situated on a plot measuring 800 square yards in Delhi, was entered into by respondents for a

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