Dy. Commissioner Of Income Tax & Ors vs Express Towers P. Ltd. & Ors

The Supreme Court dismissed the appeal against the High Court's decision to quash the acquisition of property under Section 269 UC of the Income Tax Act, 1961, holding that the Appropriate Authority's determination of fair market value was justified. The Court found that the reasons provided by the transferor for the sale were not sufficient to challenge the acquisition, and the High Court had correctly assessed the value of the property. The Court concluded that there was no basis for interference with the High Court's ruling.