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TMI Blog2019 (6) TMI 551X X X X Extracts X X X X X X X X Extracts X X X X ..... erty similarly situated in the same area, would have got, about ₹ 30 lakhs only by its sale or a much higher price determined to be ₹ 72 lakhs or so by the valuation officer. We are of the opinion that more evidence is to be produced and considered for coming to the conclusion. For this reason, we set aside that part of the order of the learned Tribunal dealing with the valuation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ficers as confirmed by the Tribunal under the said Section 50C(2) is perverse. The suggested question on which this appeal should be heard out under Section 260A of the said Act is set out in paragraph 16 of the stay petition as under: Whether in the facts and circumstances of the case, the valuation made by the DVO under Section 50C(2) regarding the sale price of the property suffers f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; 72 lakhs and odd at the time of sale. The question to be answered is : whether this was the fair market value of the property at the time of sale? The issue ultimately boils down to whether a prudent seller dealing at arms length with a prudent buyer in ordinary market conditions, in relation to a property similarly situated in the same area, would have got, about ₹ 30 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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