https://www.taxtmi.com/caselaws?id=10594 The judgment upheld the order of purchase dated 13th Sept., 1996 under section 269UD of the IT Act, 1961. It directed the payment of the consideration amount of Rs. 240 lakhs with interest to vendors and purchasers in a specified ratio. The vendors were to hand over possession of the property to the IT Department, and income tax was to be deducted at the source on the interest amounts. The disputes were resolved, and the legal proceedings were concluded with the implementation of agreed directions for payment, possession transfer, and tax compliance. en-us Mon, 12 Apr 2004 00:00:00 +0530 Sun, 19 Jul 2009 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10594 The judgment upheld the order of purchase dated 13th Sept., 1996 under section 269UD of the IT Act, 1961. It directed the payment of the consideration amount of Rs. 240 lakhs with interest to vendors and purchasers in a specified ratio. The vendors were to hand over possession of the property to the IT Department, and income tax was to be deducted at the source on the interest amounts. The disputes were resolved, and the legal proceedings were concluded with the implementation of agreed directions for payment, possession transfer, and tax compliance. Case-Laws Income Tax Mon, 12 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10594