Supreme Court · 2000 INSC 573 · Decided 6 December 2000
Ramesh Bhai J. Patel ETC. ETC. v. Union of India
- Court
- Supreme Court of India
- Citation
- 2000 INSC 573 · [2000] SUPP. 5 S.C.R. 424
- Case number
- CIVIL APPEAL No. 1158/1998
- Decided
- 6 December 2000
- Bench
- S.P. BHARUCHA, N. SANTOSH HEGDE, Y.K. SABHARWAL (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 269UA(b)
Headnote
Income Tax Act, 1961-Section 269UA (b)-Apparent consideration- C Discounted value of consideration-Interpretation of-Held, the discount relates to period between date(s) of payment under agreement and date of the agreement and not the period between date of payment by Central Government and date before High Court contending D that the discounted value stated in Section 269UA(b) relates to the period between the date of payment of the purchase price by the Central Government and the date of the last payment stated under the agreement on the premise that the discount is made because
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