https://www.taxtmi.com/caselaws?id=207554 The Court found in favor of the Respondents, holding that the order dated 29-3-2007 was not prejudicial to the petitioners under section 264 of the Income-tax Act, 1961. The Court determined that the petition lacked essential elements such as pleading prejudice, providing details of the scheme, and correctly interpreting legal provisions. Consequently, the Court ruled against entertaining the writ petition due to the absence of a valid basis for prejudice. en-us Wed, 06 Oct 2010 00:00:00 +0530 Fri, 16 Dec 2011 08:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207554 The Court found in favor of the Respondents, holding that the order dated 29-3-2007 was not prejudicial to the petitioners under section 264 of the Income-tax Act, 1961. The Court determined that the petition lacked essential elements such as pleading prejudice, providing details of the scheme, and correctly interpreting legal provisions. Consequently, the Court ruled against entertaining the writ petition due to the absence of a valid basis for prejudice. Case-Laws Income Tax Wed, 06 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207554