https://www.taxtmi.com/caselaws?id=10427 The court allowed the petition challenging the order under section 269UD of the Income-tax Act for compulsory purchase of property. It was found that the amount specified in the agreement was not tendered to the transferee as required, and the Revenue failed to demonstrate compliance with the agreement. As a result, the property revested in the transferor, and the order under section 269UD(1) was deemed abrogated. The court emphasized the importance of adhering to the provisions of the Income-tax Act for compulsory purchase of property, particularly regarding tendering the amount to the transferee as per the agreement. en-us Tue, 10 Feb 2004 00:00:00 +0530 Wed, 15 Jul 2009 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10427 The court allowed the petition challenging the order under section 269UD of the Income-tax Act for compulsory purchase of property. It was found that the amount specified in the agreement was not tendered to the transferee as required, and the Revenue failed to demonstrate compliance with the agreement. As a result, the property revested in the transferor, and the order under section 269UD(1) was deemed abrogated. The court emphasized the importance of adhering to the provisions of the Income-tax Act for compulsory purchase of property, particularly regarding tendering the amount to the transferee as per the agreement. Case-Laws Income Tax Tue, 10 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10427