APPROPRIATE AUTHORITY vs SHASHI SEHGAL

The Supreme Court dismissed the appeal concerning the sale of property N-84, Greater Kailash I, New Delhi, highlighting that the Appropriate Authority failed to consider relevant factors such as the unique circumstances of the sale and the comparative value of similar properties under Chapter XX-C of the Income Tax Act. The Court upheld the High Court's finding that the show cause notice was vitiated due to the oversight of significant aspects like parking space and servant quarters. The decision reinforces the necessity for the Appropriate Authority to consider all relevant factors in property valuation.