https://www.taxtmi.com/caselaws?id=35811 The court quashed the acquisition notice issued under Section 269D(1) of the Income Tax Act, 1961, stating that the fair market value of a tenanted property should consider statutory controls and rental yield. The court found the proceedings lacked jurisdiction as the required belief for initiation was not supported by sufficient material. No costs were awarded. en-us Mon, 05 May 1980 00:00:00 +0530 Tue, 16 Mar 2010 17:44:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35811 The court quashed the acquisition notice issued under Section 269D(1) of the Income Tax Act, 1961, stating that the fair market value of a tenanted property should consider statutory controls and rental yield. The court found the proceedings lacked jurisdiction as the required belief for initiation was not supported by sufficient material. No costs were awarded. Case-Laws Income Tax Mon, 05 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35811