https://www.taxtmi.com/caselaws?id=36135 The court quashed all proceedings under s. 269D read with s. 269C of the I.T. Act, 1961, regarding the acquisition of the petitioner's share in a property in Calcutta. The judge emphasized that a reasonable belief must precede the initiation of proceedings and that conclusive proof and presumption do not apply at that stage. The court ruled in favor of the petitioner, citing the lack of additional supporting material to form a "reason to believe" for acquisition. The judgment had implications for related cases, with no costs awarded in this instance. en-us Thu, 21 Jun 1979 00:00:00 +0530 Fri, 19 Mar 2010 15:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36135 The court quashed all proceedings under s. 269D read with s. 269C of the I.T. Act, 1961, regarding the acquisition of the petitioner's share in a property in Calcutta. The judge emphasized that a reasonable belief must precede the initiation of proceedings and that conclusive proof and presumption do not apply at that stage. The court ruled in favor of the petitioner, citing the lack of additional supporting material to form a "reason to believe" for acquisition. The judgment had implications for related cases, with no costs awarded in this instance. Case-Laws Income Tax Thu, 21 Jun 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36135