https://www.taxtmi.com/caselaws?id=28371 The Court upheld the Tribunal's decision, deeming the acquisition of a plot invalid due to the Competent Authority's failure to record reasons for initiating proceedings under s. 269C of the Income Tax Act, 1961. The Court emphasized the necessity of the Competent Authority independently assessing the material before it and complying with statutory requirements. The absence of reasons rendered the initiation of proceedings arbitrary and illegal, leading to the dismissal of the appeal with costs. en-us Fri, 02 Sep 1983 00:00:00 +0530 Mon, 22 Feb 2010 10:29:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28371 The Court upheld the Tribunal's decision, deeming the acquisition of a plot invalid due to the Competent Authority's failure to record reasons for initiating proceedings under s. 269C of the Income Tax Act, 1961. The Court emphasized the necessity of the Competent Authority independently assessing the material before it and complying with statutory requirements. The absence of reasons rendered the initiation of proceedings arbitrary and illegal, leading to the dismissal of the appeal with costs. Case-Laws Income Tax Fri, 02 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28371