Hans Raj Agarwal & Anr vs Chief Commnr. Of Income Tax & Ors

The Supreme Court upheld the decision of the Andhra Pradesh High Court, affirming the order passed by the Appropriate Authorities under Section 239 UD (1) of the Income Tax Act, 1961. The Court clarified that the provisions of Chapter XX-C, particularly Section 269 UC, impose strict conditions on the transfer of immovable property valued over Rs. 5 lakhs, including the requirement for timely submission of agreements to the Appropriate Authority. The Court held that the appellants failed to comply with these statutory requirements, leading to the dismissal of their challenge under Article 226.