https://www.taxtmi.com/caselaws?id=14826 The court deemed the acquisition proceedings invalid due to the lack of a valid basis for the competent authority's reasonable belief and failure to comply with statutory requirements. The writ petition was allowed, the acquisition order was quashed, and the petitioner was directed to withdraw the pending appeal before the High Court. en-us Mon, 12 Oct 1998 00:00:00 +0530 Thu, 23 Jul 2009 15:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14826 The court deemed the acquisition proceedings invalid due to the lack of a valid basis for the competent authority's reasonable belief and failure to comply with statutory requirements. The writ petition was allowed, the acquisition order was quashed, and the petitioner was directed to withdraw the pending appeal before the High Court. Case-Laws Income Tax Mon, 12 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14826