https://www.taxtmi.com/caselaws?id=338078 The High Court ruled in favor of the petitioner, quashing the order that declared the transaction between the petitioner and the original owner as void under Section 281(1) of the Income Tax Act. The Court found that the order breached natural justice by not providing the petitioner an opportunity to be heard, exceeded the Assessing Officer's jurisdiction, and failed to consider whether the transfer was made for adequate consideration and without notice of pending proceedings. Consequently, the Court set aside the impugned order, emphasizing the importance of procedural fairness and legal requirements in such matters. en-us Thu, 12 Jan 2017 00:00:00 +0530 Wed, 15 Mar 2017 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338078 The High Court ruled in favor of the petitioner, quashing the order that declared the transaction between the petitioner and the original owner as void under Section 281(1) of the Income Tax Act. The Court found that the order breached natural justice by not providing the petitioner an opportunity to be heard, exceeded the Assessing Officer's jurisdiction, and failed to consider whether the transfer was made for adequate consideration and without notice of pending proceedings. Consequently, the Court set aside the impugned order, emphasizing the importance of procedural fairness and legal requirements in such matters. Case-Laws Income Tax Thu, 12 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338078