https://www.taxtmi.com/caselaws?id=5383 The Supreme Court upheld the validity of the Income-tax Department's order under section 269UD of the Income tax Act, 1961, affecting a property sale. An interim possession order allowed the Department to possess the property pending a writ petition, with instructions for reconveyance to the appellant if successful. The appellant was directed to maintain possession status quo and prohibited from altering the property. The original owner was permitted to withdraw Rs. 8 lakhs balance consideration, subject to executing a sale deed if the writ petition succeeded, with no entitlement to interest from the appellant. en-us Tue, 24 Mar 1992 00:00:00 +0530 Mon, 24 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5383 The Supreme Court upheld the validity of the Income-tax Department's order under section 269UD of the Income tax Act, 1961, affecting a property sale. An interim possession order allowed the Department to possess the property pending a writ petition, with instructions for reconveyance to the appellant if successful. The appellant was directed to maintain possession status quo and prohibited from altering the property. The original owner was permitted to withdraw Rs. 8 lakhs balance consideration, subject to executing a sale deed if the writ petition succeeded, with no entitlement to interest from the appellant. Case-Laws Income Tax Tue, 24 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5383