https://www.taxtmi.com/caselaws?id=57101 The Appellate Tribunal ITAT Amritsar ruled in favor of the appellants, quashing the impugned order due to procedural irregularities and lack of valid initiation of acquisition proceedings under section 269D of the IT Act, 1961. The Tribunal emphasized the mandatory nature of serving notices on all parties involved within the prescribed timeline for a valid initiation of proceedings, ultimately deeming the Competent Authority's failure to adhere to statutory notice service requirements as fatal to the validity of the acquisition proceedings. en-us Mon, 21 Aug 1978 00:00:00 +0530 Wed, 08 Dec 2010 14:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57101 The Appellate Tribunal ITAT Amritsar ruled in favor of the appellants, quashing the impugned order due to procedural irregularities and lack of valid initiation of acquisition proceedings under section 269D of the IT Act, 1961. The Tribunal emphasized the mandatory nature of serving notices on all parties involved within the prescribed timeline for a valid initiation of proceedings, ultimately deeming the Competent Authority's failure to adhere to statutory notice service requirements as fatal to the validity of the acquisition proceedings. Case-Laws Income Tax Mon, 21 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57101