https://www.taxtmi.com/caselaws?id=15779 The court upheld the appropriate authority's determination of the discounted value of consideration payable to the petitioners under section 269UA(b) of the Income-tax Act, 1961. It ruled that the discounting principle should apply from the date of the agreement, as per the statutory provision, rejecting the petitioners' argument for discounting only from the date of actual payment by the Central Government. Previous judgments were cited to support this interpretation, and the court dismissed the petition, finding no flaws in the authority's decision and ruling against the petitioners without costs. en-us Fri, 17 Sep 1999 00:00:00 +0530 Sat, 29 Aug 2009 10:40:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15779 The court upheld the appropriate authority's determination of the discounted value of consideration payable to the petitioners under section 269UA(b) of the Income-tax Act, 1961. It ruled that the discounting principle should apply from the date of the agreement, as per the statutory provision, rejecting the petitioners' argument for discounting only from the date of actual payment by the Central Government. Previous judgments were cited to support this interpretation, and the court dismissed the petition, finding no flaws in the authority's decision and ruling against the petitioners without costs. Case-Laws Income Tax Fri, 17 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15779