https://www.taxtmi.com/caselaws?id=29640 The court ruled in favor of the petitioners in a case challenging the legality of a notice served by the Competent Authority under s. 269D(1) of the Income-tax Act, 1961. The court found that the Competent Authority's assumption of jurisdiction under s. 269C was baseless due to the lack of agreement on consideration in an auction transaction. It held that directing the petitioners to appear before the Competent Authority would result in unnecessary multiple proceedings. Therefore, the court granted the relief sought by the petitioners, making the rule absolute without any order as to costs. en-us Thu, 10 Sep 1981 00:00:00 +0530 Mon, 15 Mar 2010 12:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29640 The court ruled in favor of the petitioners in a case challenging the legality of a notice served by the Competent Authority under s. 269D(1) of the Income-tax Act, 1961. The court found that the Competent Authority's assumption of jurisdiction under s. 269C was baseless due to the lack of agreement on consideration in an auction transaction. It held that directing the petitioners to appear before the Competent Authority would result in unnecessary multiple proceedings. Therefore, the court granted the relief sought by the petitioners, making the rule absolute without any order as to costs. Case-Laws Income Tax Thu, 10 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29640