https://www.taxtmi.com/caselaws?id=17482 The court held that the respondents' failure to comply with Section 269UG by not tendering the consideration amount to the seller resulted in the abrogation of the pre-emptive purchase order under Section 269UD(1). The court emphasized the mandatory nature of the provisions and referenced relevant case law to support its decision. Consequently, the court allowed the writ petition, quashed the order dated January 31, 1995, and set aside all consequential effects, leading to the revesting of the property in the transferor. en-us Thu, 03 Jul 1997 00:00:00 +0530 Tue, 22 Sep 2009 16:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17482 The court held that the respondents' failure to comply with Section 269UG by not tendering the consideration amount to the seller resulted in the abrogation of the pre-emptive purchase order under Section 269UD(1). The court emphasized the mandatory nature of the provisions and referenced relevant case law to support its decision. Consequently, the court allowed the writ petition, quashed the order dated January 31, 1995, and set aside all consequential effects, leading to the revesting of the property in the transferor. Case-Laws Income Tax Thu, 03 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17482