Appropriate Authority & Anr. vs Kailash Suneja & Anr.

Whether the High Court exceeded its jurisdiction under Article 226 by interfering with the Appropriate Authority's valuation methodology for pre-emptive purchase under Chapter XX-C of the Income Tax Act --- Held No, as the Authority's valuation was inconsistent and unreasonable. Whether the Appropriate Authority's calculation of fair market value using time adjustments, basement/barsati potential, and tenancy assumptions was valid --- Held No, as it involved arbitrary comparisons and unjustified assumptions.