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of <h1>Court rules notice for property acquisition under section 269D untimely and unclear. Competent Authority's actions fatal.</h1> <h3>Godsil Investments Pvt. Limited Versus Inspecting Assistant Commissioner Of Income-Tax And Others</h3> The High Court of Bombay ruled in favor of the petitioner, finding the notice for property acquisition under section 269D untimely and lacking clarity on ... Business Loss, Company, Reassessment The High Court of Bombay ruled in favor of the petitioner, holding that the notice for acquisition of property under section 269D was out of time and lacked clarity on the understatement of value. The judgment cited a similar case where the court ruled in favor of the petitioner. The petition was allowed, and the Competent Authority's actions were deemed fatal to assuming jurisdiction under section 269D.
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