https://www.taxtmi.com/caselaws?id=23324 An order for pre-emptive purchase under Chapter XXC led to statutory vesting under section 269UE(1), but that vesting and any corresponding liability to pay consideration remained subject to the outcome of pending writ proceedings. Because further action had been stayed, the Court held that the Revenue should not be compelled at the interim stage to disburse the sale consideration or any part of it from public funds before final resolution of the challenge. If the writ petition succeeded, the statutory vesting would fall away and the parties would have to work out their rights separately. The vendors were therefore not entitled to interim payment pending disposal of the proceedings. en-us Tue, 09 Aug 1988 00:00:00 +0530 Fri, 18 Dec 2009 13:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23324 An order for pre-emptive purchase under Chapter XXC led to statutory vesting under section 269UE(1), but that vesting and any corresponding liability to pay consideration remained subject to the outcome of pending writ proceedings. Because further action had been stayed, the Court held that the Revenue should not be compelled at the interim stage to disburse the sale consideration or any part of it from public funds before final resolution of the challenge. If the writ petition succeeded, the statutory vesting would fall away and the parties would have to work out their rights separately. The vendors were therefore not entitled to interim payment pending disposal of the proceedings. Case-Laws Income Tax Tue, 09 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23324