2001 (5) TMI 4

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..... nsferor - value, of the property either with reference to the apparent consideration or the f.m.v. determined by the Appropriate Authority is not of such magnitude as to call for any interference - HC is justified in setting aside the order for pre emptive purchase - - - - - Dated:- 10-5-2001 - Judge(s) : S. RAJENDRA BABU. and K. G. BALAKRISHNAN. JUDGMENT The judgment of the court was d .....

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..... r sq. mtr. and it was concluded that the fair market value of the property in question was over the apparent consideration disclosed by 28.5 per cent. On that basis (the Appropriate Authority), proceeded to acquire the property for the Union of India, rejecting the explanation offered by the transferor that he was desperate to sell the property in order to go abroad and settle with his only daught .....

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