https://www.taxtmi.com/caselaws?id=66767 The Tribunal allowed the appeals filed by the transferees against the acquisition order under Section 269G of the IT Act, dated 18th March 1986. It found the acquisition proceedings to be vitiated due to procedural errors such as lack of proper notice and incorrect valuation methods. The Tribunal canceled the acquisition proceedings based on improper valuation methods, lack of credible basis for initiation, and failure to serve notice to all interested parties, as required by law. en-us Fri, 28 Nov 1986 00:00:00 +0530 Mon, 07 Mar 2011 11:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66767 The Tribunal allowed the appeals filed by the transferees against the acquisition order under Section 269G of the IT Act, dated 18th March 1986. It found the acquisition proceedings to be vitiated due to procedural errors such as lack of proper notice and incorrect valuation methods. The Tribunal canceled the acquisition proceedings based on improper valuation methods, lack of credible basis for initiation, and failure to serve notice to all interested parties, as required by law. Case-Laws Income Tax Fri, 28 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66767