submitted her reply on 13th Feb., 1993, contending that there was no undervaluation in the sale transaction in question and that the suit property ... come to the tentative or prima facie view that the property was undervalued and that it should incorporate in its show-cause notice the material
year ending December 31, 1930.
3,43,353 Add-Difference for the undervaluation
in stock at the end of 1930 (at
Market rate ... Less- Difference for the undervaluation
in stock at the end of 1929.
2,09,805 10,719 Less-Premium received by sale of
Government Bond
fair market value of the property and that due to the undervaluation, tax is going to be evaded. In the present case, nothing ... resorted to only when there is significant undervaluation in the agreement of sale with a view to evade tax.
(ii) An order of compulsory purchase
upon by the appropriate authority are taken into consideration, there is no undervaluation in excess of 15 per cent. of fair market value which ... cases where there is an attempt at tax evasion by significant undervaluation of immovable property agree to be sold. Considering the stand of the Union
appropriate authority reached the tentative conclusion that the transaction has been undervalued and, therefore, the transferees addressed a letter to the appropriate authority dated March ... reasons for reaching the tentative conclusion that the transaction has been undervalued have not been disclosed. A grievance was made that in the absence
defendant bank on the ground that it was sold at
undervaluation. In para 21(c ) the plaintiff claims that the
defendant is only a banker ... which is for damages and loss suffered
by the plaintiff due to undervaluation of the sale price of oil
sold by the defendant being
direct the Respondents to forthwith investigate the
matter of continued massive undervaluation and mis-declaration of
material particulars to evade customs duty in import ... purported massive undervaluation and mis-declaration of material
particulars allegedly resulting in evasion of customs duty in import of
luxury cars.
5. Since
direct the Respondents to forthwith investigate the
matter of continued massive undervaluation and mis-declaration of
material particulars to evade customs duty in import ... purported massive undervaluation and mis-declaration of material
particulars allegedly resulting in evasion of customs duty in import of
luxury cars.
5. Since
submitted her reply on 13th Feb., 1993, contending that there was no undervaluation in the sale transaction in question and that the suit property ... come to the tentative or prima facie view that the property was undervalued and that it should incorporate in its show-cause notice the material
notice does not state at all that the property in question was undervalued by more than 15 per cent, with a view to evade ... wherein it has been stated, inter alia, that (a) there is no undervaluation of the property and at any rate there has been no attempt
