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2003 (4) TMI 73 - HC - Income TaxQuashing of notice for pre-emptive purchase under section 269UD of Chapter XX-C of the Income-tax Act, 1961, which was initiated against the assessee - in our view, it seems that the valuation has not been made correctly and that apart there being no attempt to evade tax and the transaction being bona fide, the provision of Chapter XX-C cannot be attracted in the present case. We agree with the judgment of the learned single judge who quashed the said notice and the proceeding
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