https://www.taxtmi.com/caselaws?id=25839 Acquisition proceedings under Chapter XXA were left for reconsideration because the property had been transferred to subsequent bona fide transferees, the original respondents no longer appeared to retain a continuing interest, and a later transferee had already secured a non-acquisition declaration in separate proceedings. The order also notes the practical difficulty of continuing such proceedings without any express statutory mechanism for notifying later purchasers through registration of notices or orders. In view of the repeal of Chapter XXA, the substitution of Chapter XXC, and a CBDT circular directing that pending proceedings involving apparent consideration below Rs. 5 lakhs be dropped, the Department was given an opportunity to review the matter before further steps were taken. en-us Tue, 05 Aug 1986 00:00:00 +0530 Mon, 01 Feb 2010 12:35:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25839 Acquisition proceedings under Chapter XXA were left for reconsideration because the property had been transferred to subsequent bona fide transferees, the original respondents no longer appeared to retain a continuing interest, and a later transferee had already secured a non-acquisition declaration in separate proceedings. The order also notes the practical difficulty of continuing such proceedings without any express statutory mechanism for notifying later purchasers through registration of notices or orders. In view of the repeal of Chapter XXA, the substitution of Chapter XXC, and a CBDT circular directing that pending proceedings involving apparent consideration below Rs. 5 lakhs be dropped, the Department was given an opportunity to review the matter before further steps were taken. Case-Laws Income Tax Tue, 05 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25839