https://www.taxtmi.com/caselaws?id=208154 The Court set aside the Appropriate Authority's orders under Section 269UD(1) of the Income Tax Act, 1961, due to the Central Government's failure to tender the consideration amount to the owners within the prescribed time. The non-compliance led to the automatic abrogation of the acquisition orders, resulting in the property revesting in the original owners. The Court found the orders to be flawed and lacking proper consideration, ultimately ruling in favor of the petitioners and returning the property to its rightful owners. en-us Fri, 23 Dec 2011 00:00:00 +0530 Fri, 14 Dec 2012 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208154 The Court set aside the Appropriate Authority's orders under Section 269UD(1) of the Income Tax Act, 1961, due to the Central Government's failure to tender the consideration amount to the owners within the prescribed time. The non-compliance led to the automatic abrogation of the acquisition orders, resulting in the property revesting in the original owners. The Court found the orders to be flawed and lacking proper consideration, ultimately ruling in favor of the petitioners and returning the property to its rightful owners. Case-Laws Income Tax Fri, 23 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208154