M/s. ANADI PRAKASHAN AND ANOTHER vs INSPECTING ASSISTANT COMMR. OF INCOME TAX AND OTHERS

The Supreme Court dismissed the appeal against the Madhya Pradesh High Court's judgment, affirming the acquisition of property under Section 269-C(2) of the Income Tax Act. The Court held that the admission by both the appellant and the transferor regarding the actual consideration of Rs 90,000, despite the sale deed stating Rs 49,000, satisfied the statutory requirements. The Court found no merit in the appeal and declined to address the constitutional validity of Chapter XX-A due to lack of substantial arguments.