https://www.taxtmi.com/caselaws?id=10964 Show cause notices for compulsory purchase under Chapter XX-C were invalid because they did not disclose the reasons or material supporting the tentative view that the transaction was undervalued or intended to evade tax. The Bombay HC held that such bare notices failed to give fair notice and breached natural justice, especially since they were identical to notices already quashed in binding precedent later affirmed by the Supreme Court. As the notices were vitiated for vagueness and non-disclosure of the basis for the prima facie conclusion, the consequential order under section 269UD(1) also could not stand and was invalid. en-us Wed, 04 Feb 2004 00:00:00 +0530 Tue, 28 Jul 2009 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10964 Show cause notices for compulsory purchase under Chapter XX-C were invalid because they did not disclose the reasons or material supporting the tentative view that the transaction was undervalued or intended to evade tax. The Bombay HC held that such bare notices failed to give fair notice and breached natural justice, especially since they were identical to notices already quashed in binding precedent later affirmed by the Supreme Court. As the notices were vitiated for vagueness and non-disclosure of the basis for the prima facie conclusion, the consequential order under section 269UD(1) also could not stand and was invalid. Case-Laws Income Tax Wed, 04 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10964