https://www.taxtmi.com/caselaws?id=65008 Acquisition under Chapter XX-A of the Income-tax Act is described as an urgent, compulsory divestment mechanism, so unexplained and extraordinary delay in completing proceedings under sections 269C, 269D and 269F(6) is said to defeat the statutory purpose, prejudice the transferee, and render the action oppressive. The commentary also notes that where the record contains no cogent explanation for deferment, and the connected valuation material and acquisition action have already been disapproved, the impugned acquisition order becomes unsustainable and liable to be quashed as an abuse of power. en-us Thu, 28 May 1998 00:00:00 +0530 Fri, 11 Feb 2011 16:18:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65008 Acquisition under Chapter XX-A of the Income-tax Act is described as an urgent, compulsory divestment mechanism, so unexplained and extraordinary delay in completing proceedings under sections 269C, 269D and 269F(6) is said to defeat the statutory purpose, prejudice the transferee, and render the action oppressive. The commentary also notes that where the record contains no cogent explanation for deferment, and the connected valuation material and acquisition action have already been disapproved, the impugned acquisition order becomes unsustainable and liable to be quashed as an abuse of power. Case-Laws Income Tax Thu, 28 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65008