https://www.taxtmi.com/caselaws?id=19816 Chapter XX-C pre-emptive purchase proceedings are discussed in the context of a court-sanctioned sale of immovable property and the role of section 269UD(1). The text notes that the Revenue asserted undervaluation and maintained that a court-directed sale did not by itself exclude statutory scrutiny, while the applicable scheme required notice and opportunity in line with Supreme Court directions. It also states that where statutory proceedings delay access to the sale consideration, equitable interest protection may be warranted for the seller, depending on the eventual outcome before the appropriate authority. en-us Wed, 05 Jan 1994 00:00:00 +0530 Mon, 09 Nov 2009 18:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19816 Chapter XX-C pre-emptive purchase proceedings are discussed in the context of a court-sanctioned sale of immovable property and the role of section 269UD(1). The text notes that the Revenue asserted undervaluation and maintained that a court-directed sale did not by itself exclude statutory scrutiny, while the applicable scheme required notice and opportunity in line with Supreme Court directions. It also states that where statutory proceedings delay access to the sale consideration, equitable interest protection may be warranted for the seller, depending on the eventual outcome before the appropriate authority. Case-Laws Income Tax Wed, 05 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19816