1993 (4) TMI 21 - HC - Income Tax

Summary

The petitioner challenged an order under section 269UD(1) of the Income-tax Act, 1961, regarding an agreement to sell. The High Court dismissed the petition, stating that no interest is created based on such an agreement, and the petitioner cannot object to the property purchase by the Central Government under section 269UD(1). The decision is in line with a similar ruling by the Karnataka High Court.