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of <h1>Supreme Court Dismisses Appeal on Income-tax Act; Appellant to Pay Costs</h1> The Supreme Court dismissed the appeal related to the Income-tax Act, 1961, as the Central Government failed to meet payment obligations, leading to the ... Purchase of Immovable Property - proceedings initiated u/s XX-C of the Income-tax Act, 1961, seeking t acquire certain properties on the ground that the consideration disclosed in the sale documents fell short of the real market value of the property - Whether, HC was justified in coming to the conclusion that the sum tendered by the Central Government, was beyond the stipulated period u/s 269UG, thus attracting the wrath of s. 269UH . resulting in abrogation of the purchase order - Held, yes The Supreme Court dismissed the appeal in a case related to the Income-tax Act, 1961, where the Central Government failed to tender the required amount within the stipulated period, resulting in the abrogation of the purchase order. The appeal was dismissed with a cost of Rs. 25,000 to be paid to the respondent.
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