https://www.taxtmi.com/caselaws?id=28396 Chapter XX-A of the Income-tax Act was construed strictly because it authorises compulsory acquisition and affects proprietary rights. The court held that, for this chapter, the statutory definition of "transfer" in section 269A(h) is confined to sale or exchange; a gift does not fall within that expression. Since the acquisition proceedings and notice under section 269D(1) were founded on a gifted property, the statutory precondition for invoking Chapter XX-A was absent and the notice was without jurisdiction, warranting quashing in favour of the petitioner. en-us Fri, 22 Jul 1983 00:00:00 +0530 Mon, 22 Feb 2010 12:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28396 Chapter XX-A of the Income-tax Act was construed strictly because it authorises compulsory acquisition and affects proprietary rights. The court held that, for this chapter, the statutory definition of "transfer" in section 269A(h) is confined to sale or exchange; a gift does not fall within that expression. Since the acquisition proceedings and notice under section 269D(1) were founded on a gifted property, the statutory precondition for invoking Chapter XX-A was absent and the notice was without jurisdiction, warranting quashing in favour of the petitioner. Case-Laws Income Tax Fri, 22 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28396