https://www.taxtmi.com/caselaws?id=38362 For initiation of Chapter XXA acquisition proceedings, the competent authority must independently form a reason to believe on relevant material showing the statutory conditions, and the presumptions in section 269C(2) cannot be used to replace that preliminary satisfaction. The recorded reasons were found to rest on mistaken facts, irrelevant material and non-application of mind, including a flawed view of the parties' roles and valuation inputs lacking a live nexus with the property. On that basis, the notice initiating acquisition proceedings was quashed. en-us Fri, 18 Jun 1976 00:00:00 +0530 Mon, 05 Apr 2010 17:25:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38362 For initiation of Chapter XXA acquisition proceedings, the competent authority must independently form a reason to believe on relevant material showing the statutory conditions, and the presumptions in section 269C(2) cannot be used to replace that preliminary satisfaction. The recorded reasons were found to rest on mistaken facts, irrelevant material and non-application of mind, including a flawed view of the parties' roles and valuation inputs lacking a live nexus with the property. On that basis, the notice initiating acquisition proceedings was quashed. Case-Laws Income Tax Fri, 18 Jun 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38362