https://www.taxtmi.com/caselaws?id=67249 The Tribunal allowed the appeals, quashing the order under appeal, as the acquisition proceedings were deemed invalid due to improper service of notice and lack of material supporting the initiation of proceedings under section 269C(1). The Tribunal held that the non-service of notice invalidated the enquiry and findings but did not nullify the initiation of proceedings. It was determined that the fair market value did not exceed the apparent consideration by more than 15%, leading to the property not being acquired under section 269F. en-us Wed, 29 Jan 1986 00:00:00 +0530 Wed, 09 Mar 2011 17:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67249 The Tribunal allowed the appeals, quashing the order under appeal, as the acquisition proceedings were deemed invalid due to improper service of notice and lack of material supporting the initiation of proceedings under section 269C(1). The Tribunal held that the non-service of notice invalidated the enquiry and findings but did not nullify the initiation of proceedings. It was determined that the fair market value did not exceed the apparent consideration by more than 15%, leading to the property not being acquired under section 269F. Case-Laws Income Tax Wed, 29 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67249