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TMI Blog2019 (12) TMI 84X X X X Extracts X X X X X X X X Extracts X X X X ..... , this Court found no reason to accept those submissions while holding that the appropriate authority and the High Court were right in their respective approach, the reasoning and the conclusion. This Court found that a categorical finding was recorded by the appropriate authority that the fair market value of the property in question was 15% more than the apparent consideration mentioned by the p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HON'BLE MR. JUSTICE UDAY UMESH LALIT And HON'BLE MR. JUSTICE DINESH MAHESHWARI ORDER The petitioners herein seek review of the judgment dated 29.07.2019 in C.A. No. 9800-9801 of 2010 whereby this Court dismissed the appeals preferred by the petitioners against the judgment and order dated 31.05.2007 passed by the High Court of Judicature for Rajasthan, Bench at Ja ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... show cause notice under Section 269UD(1A) of the Act, stating therein that apparent sale consideration of ₹ 99,84,500/- (₹ 1051/- per sq. yard) was on the lower side and the value of the property was much higher than the agreed rate. After the prospective buyers as also the vendors had submitted their replies and after making necessary inquiries and hearing the parties, the appropriat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... In appeal before this Court, the appellants reiterated largely the same submissions which were addressed in the High Court and also put forward a few new submissions. However, this Court found no reason to accept those submissions while holding that the appropriate authority and the High Court were right in their respective approach, the reasoning and the conclusion. This Court found that ..... X X X X Extracts X X X X X X X X Extracts X X X X
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