Asgar S. Patel & Ors. vs The Union Of India & Ors.
Whether transferees who paid earnest money under an agreement for sale are entitled to receive that amount from the Central Government when the property is compulsorily purchased under Chapter XX-C of the Income Tax Act, 1961 --- Held Yes. Whether the Appropriate Authority was justified in releasing the entire consideration to the transferor ignoring the transferees' claim for refund of earnest money --- Held No.
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