1995 (11) TMI 40 - HC - Income Tax

Summary

The High Court of Punjab and Haryana dismissed Income-tax Appeals 2 and 3 of 1980. The court held that serving notice on the transferor or transferee before publication in the Official Gazette invalidated the acquisition proceedings under section 269F(6) of the Income-tax Act, 1961. The order of the competent authority acquiring the property was set aside. The appeal was dismissed with no order as to costs.